Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_98:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 1/9)
Character Range: 1547798–1550708

98                                                                          3.26                                     2.50                                               3.28
99 or more                                                                  2.97                                     2.26                                               2.99

Part 7 New South Wales State Authorities Superannuation Scheme
Division 7.1 Definitions

1 Definitions
 (1) In this Part:
1927 Act means the Local Government and Other Authorities (Superannuation) Act 1927 (NSW).
current insurance policy has the meaning given by clause 3 of the State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990 (NSW).
SAS Act means the State Authorities Superannuation Act 1987 (NSW).
SAS Scheme means the superannuation scheme constituted by the SAS Act.
transferred contributor has the meaning given by the State Authorities Superannuation (State Public Service Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1989 (NSW).
 (2) A reference in this Part to the requirements of Division 2.2 of the Regulations being satisfied does not include a reference to the requirements of that Division being satisfied by making a payment of the kind mentioned in regulation 14H of the Regulations.
 (3) An expression used in this Part and in the SAS Act or in a provision of that Act has the same meaning in this Part as it has in the SAS Act or a provision of that Act.
Note 1   The following expressions are defined in subsection 3 (1) of the SAS Act:
 benefit
 contributor‑financed benefit
 contributor's account
 early retirement age
 employee
 employer‑financed benefit
 entry date
 executive officer
 Fund
 STC.
Note 2   The following expression is defined in subsection 29 (1) of the SAS Act:
 leave without pay.
Note 3   The following expressions are defined in section 36 of the SAS Act:
 accrued benefit points
 final average salary.
 (4) An expression used in this Part and in the 1927 Act or in a provision of that Act has the same meaning in this Part as it has in the 1927 Act or in a provision of that Act.
Note   The following expressions are defined in section 3 of the 1927 Act:
 Benefits Fund
 Provident Fund.
Division 7.2 Interests in the growth phase

Subdivision 7.2.1 Employees (general)

2 Method for interests in SAS Scheme
  For an interest that is in the growth phase in the SAS Scheme and that is held by an employee other than:
 (a) an employee who is a former holder of a current insurance policy; or
 (b) an employee who is a former contributor to the Provident Fund; or
 (c) an employee who is a former contributor to the Benefits Fund; or
 (d) an employee who is an executive officer who elected to make provision for a benefit in accordance with paragraph 30A (1) (b) of the SAS Act; or
 (e) an employee to whom Part