South Australian Repealed Acts

This legislation has been repealed.

SOUTHERN STATE SUPERANNUATION ACT 1994 - SECT 15

15—Election by contributor to the State Scheme

        (1)         A contributor within the meaning of the Superannuation Act 1988 may elect to become a member of the Southern State Superannuation Scheme if the employment on which his or her status as such a contributor is based has not terminated.

        (2)         An election takes effect on a date fixed by the Board being a date occurring within two months after the election was made.

        (3)         For the purposes of the Superannuation Act 1988 , a contributor who has made an election under subsection (1) will be taken—

            (a)         to have resigned from employment and to have preserved his or her accrued superannuation benefits (whether he or she has reached the age of 55 years or not); and

            (b)         not to reach the age of 55 years until he or she reaches that age and ceases to be employed in employment to which that Act applies.

        (4)         An election under this section—

            (a)         must be made in writing to the Board; and

            (b)         may specify the rate (if any) at which the member elects to contribute to the scheme.