South Australian Consolidated Acts

SUPERANNUATION ACT 1988 - SECT 58

58—Pensions payable in foreign currency

        (1)         Where—

            (a)         a lump sum or pension becomes payable to or in relation to a contributor;

            (b)         the contributor was immediately before the lump sum or pension became payable, employed outside Australia and paid a salary in a currency other than Australian currency,

the lump sum or pension will be paid in that other currency.

        (2)         An indexed pension that is paid in some currency other than Australian currency may be indexed on some basis that the Board considers reasonable instead of by reference to the Consumer Price Index.