Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_50:p1
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 50 (pt 1/2)
Character Range: 2405753–2408950

50                 109  0.49915         0.63435

Part 3 Local Government Superannuation Scheme

1 Definitions
In this Part:
defined benefit Member has the same meaning as in the Trust Deed.
Scheme means the scheme continued in existence under subsection 1180 (1) of the Local Government Act 1993 (Qld) under the name Local Government Superannuation Scheme.
Trust Deed means the Trust Deed made on 23 June 1998 by the Queensland Local Government Superannuation Board, as amended and in force on 24 March 2006.

2 Methods and factors for interests of members in the Scheme
  For an interest that:
 (a) is in the growth phase in the Scheme; and
 (b) is mentioned in an item in the following table;
the method or factor mentioned in the item is approved for section 5 of this instrument.

Item  Interest in the growth phase                                             Method or factor
 1    An interest that a person has in the Scheme as a defined benefit Member  If the person is aged less than 55 at the relevant date — the value of the benefit that would have been payable to the person under clause 98 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
                                                                               If the person is aged at least 55 but less than 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 92 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
                                                                               If the person is aged at least 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 93 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.

Contents

          Schedule 5 Public sector superannuation plans — Western Australia
            Part 1 Gold State Super Scheme
          Schedule 6 Public sector superannuation plans — South Australia
            Part 1 South Australian Superannuation Fund
            Division 1.1 Definitions
            Division 1.2 Interests in the growth phase
            Division 1.3 Interests in the payment phase
            Division 1.4 Factors
            Part 2 South Australian Local Government Superannuation Scheme
            Part 3 South Australian Police Superannuation Scheme
            Division 3.1 Definitions
            Division 3.2 Interests in the growth phase
            Division 3.3 Interests in the payment phase
            Division 3.4 Factors
            Part 4 South Australian Parliamentary Superannuation Scheme
            Part 5 South Australian Judges' Pension Scheme
            Division 5.1 Definitions
            Division 5.2 Interests in the growth phase
            Division 5.3 Interests in the payment phase
            Division 5.4 Factors
          Schedule 7 Public sector superannuation plans — Tasmania
          Schedule 8 Public sector superannuation plans — Australian Capital Territory
          Schedule 9 Public sector superannuation plans — Northern Territory
          Schedule 10 Other superannuation