Sections 35 , 36 and 37 of the Principal Act are repealed and the following sections are substituted:

35.     Termination of TASS Trust Deed

The TASS Trust Deed is terminated.

36.     Tasmanian Ambulance Service Superannuation Scheme continues in force

Despite the termination of the TASS Trust Deed by section 35 , the Tasmanian Ambulance Service Superannuation Scheme, consisting of the defined benefit component of the former superannuation scheme for persons who, immediately before 30 June 2006, were contributing to or required to contribute to, or were deemed to be contributing to, the former superannuation scheme, continues in force.

37.     Closure of continued scheme

An Ambulance Service member appointed or employed on or after 30 June 2006 is not entitled to become a member of the continued scheme.

37A.     Regulations must make provision in relation to continued scheme

(1)  Without limiting the generality of section 57(1) , regulations must provide –

(a) that all benefits provided by the continued scheme, other than temporary incapacity benefits, are to be paid as lump sums; and

(b) for the amounts, manner and timing of payment of contributions to the continued scheme; and

(c) that the only authorised payments from the continued scheme to the Commission or the Ambulance Service are –

(i) for refunds of overpaid contributions; or

(ii) payments permitted by the SIS Act; and

(d) that the Ambulance Service is to pay to the Commission such additional amounts as the Minister, on the recommendation of the Actuary, may direct so as to enable the Commission to meet the Commission's liabilities under this Act.

(2)  Before proposed regulations in relation to any of the matters referred to in subsection (1) are submitted to the Governor, the Minister must be satisfied that –

(a) the Ambulance Service and the Health Services Union of Australia – Tasmanian No. 1 Branch have been consulted in relation to the proposed regulations; and

(b) the proposed regulations are consistent with this Act and the SIS Act.

(3)  Regulations in relation to any of the matters referred to in subsection (1) must not be made so as to authorise any payment from the continued scheme to the Commission or the Ambulance Service other than –

(a) for refunds of overpaid contributions; or

(b) payments permitted by the SIS Act.