Government Superannuation Fund Amendment Act (No 2) 1990

Government Superannuation Fund Amendment Act (No 2) 1990

Public Act1990 No 77
Date of assent1 August 1990

Note

This Act is administered in the Government Superannuation Fund Department.


BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title and commencement
  • (1) This Act may be cited as the Government Superannuation Fund Amendment Act (No 2) 1990, and shall be read together with and deemed part of the Government Superannuation Fund Act 1956 (hereinafter referred to as the principal Act).

    (2) Except as provided in sections 4(3), 5(2), 7(2), 8(2), 9(6), and 12(2) of this Act, this Act shall come into force on the day on which it receives the Royal assent.

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4 Position after 31 July 1990 of locally engaged staff of New Zealand High Commission in United Kingdom
  • (1) This subsection repealed sections 22B and 22BA of the principal Act.

    (2) Notwithstanding the repeal of those sections—

    • (a) Any person who, at the 31st day of July 1990, is a contributor to the Fund under Part 2A of the principal Act either as a result of an election under section 22BA(1) of the principal Act or by virtue of section 22BA(3) of the principal Act may continue to contribute under Part 2A of the principal Act, and all of the provisions of the principal Act that apply to contributors under Part 2A shall apply in every respect to that person; and

    • (b) Any person who, at the 31st day of July 1990, is a special contributor to the Fund under Part 2 of the principal Act and who has elected under section 22B(7) of the principal Act to contribute to the Fund on the basis of 60 percent of that person's standard rate of contribution may continue to contribute under Part 2 of the principal Act on that basis, and all of the provisions of that Part shall apply accordingly; and

    • (c) Notwithstanding anything to the contrary in section 42 of the principal Act, there shall be deducted from any refund of contributions and interest (if any) payable pursuant to that section to any person to whom paragraph (a) or paragraph (b) of this subsection applies the amount that would be deductible under section 598 of the Income and Corporation Taxes Act 1988 (UK) of the Parliament of the United Kingdom (or under any subsequent enactment passed in amendment of, or substitution for, that provision or any such subsequent enactment) if that provision applied to that contributor.

    (3) This section shall come into force on the 1st day of August 1990.

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6 Application to members of Cook Islands Public Service who elect to become contributors under Part 2A
  • [Repealed]

    Section 6 was repealed, as from 1 October 1995, by section 31 Government Superannuation Fund Amendment Act 1995 (1995 No 28).

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8 No elections after 30 June 1991 to contribute to Fund under Part 2A of principal Act
  • [Repealed]

    Section 8 was repealed, as from 30 June 1991, by section 2(2) Government Superannuation Amendment Act (No 2) 1991 (1991 No 59).

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11 Annual subsidies up to 1 July 1991 from Government and from funds or accounts out of which contributors' salaries are paid
12 Annual subsidies after 1 July 1991 from Government and from funds or accounts out of which contributors' salaries are paid
  • This section will substitute section 95 of the principal Act, as from a date to be appointed by Order in Council.

13 Regulations
  • [Repealed]

    Section 13 was repealed, as from 1 October 1995, by section 31 Government Superannuation Fund Amendment Act 1995 (1995 No 28).

14 Amendments to Government Superannuation Fund Amendment Act 1976
15 Amendments to Government Superannuation Fund Amendment Act 1990