South Australian Repealed Acts

This legislation has been repealed.

SOUTHERN STATE SUPERANNUATION ACT 1994 - SECT 33

33—Retrenchment

        (1)         Subject to subsection (2), if a member's employment is terminated by retrenchment the member is entitled to—

            (a)         payment of the employee component and the employer component; and

            (b)         payment of—

                  (i)         the rollover component (if any); and

                  (ii)         the co-contribution component (if any),

to the extent that the payment can be made in accordance with the SIS Act.

        (2)         The member may elect to preserve his or her employee, employer, rollover or co-contribution component or to carry it over to some other superannuation fund or scheme and in the event of such an election the provisions of section 32 will apply as if the member had resigned from employment.