South Australian Numbered Acts

SOUTHERN STATE SUPERANNUATION (INSURANCE, SPOUSE ACCOUNTS AND OTHER MEASURES) AMENDMENT ACT 2006 (NO 40 OF 2006) - SECT 11

11—Amendment of section 15B—Salary sacrifice by members of certain schemes

        (1)         Section 15B(1)—delete subsection (1) and substitute:

        (1)         A prescribed person may elect, by notice in writing to the Board, to become a member of the Triple S scheme in order to establish an entitlement to the employer component of benefits under Part 5 by sacrificing part of his or her salary in accordance with a contract, an award or an enterprise agreement that entitles the person to sacrifice all or part of his or her salary.

        (2)         Section 15B(5)(b)—after "under this section" insert:

other than any voluntary invalidity/death insurance taken out under section 22

        (3)         Section 15B—after subsection (5) insert:

        (6)         In this section—

"prescribed person" means—

            (a)         a person who is an active contributor to the State Scheme; or

            (b)         a person prescribed, or of a class prescribed, by the regulations for the purposes of this definition.