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SNOWY MOUNTAINS ENGINEERING CORPORATION LIMITED SALE ACT 1993 - SECT 33

Saving-- Crimes (Superannuation Benefits) Act 1989

  (1)   Subject to subsection   ( 2), if a person who was an employee of SMEC before the sale day committed a corruption offence while such an employee, then, on and after the sale day, the Crimes (Superannuation Benefits) Act 1989 continues to apply in relation to the person in respect of the offence as if SMEC continued to be a Commonwealth authority.

  (2)   A superannuation order may not be made under the Crimes (Superannuation Benefits) Act 1989 in relation to employer contributions or benefits paid or payable to a superannuation scheme by SMEC after the sale day.

  (3)   A superannuation scheme in relation to which employer contributions or benefits are paid or payable by SMEC is not a superannuation scheme for the purposes of the Crimes (Superannuation Benefits) Act 1989 in respect of a corruption offence committed by a person after the sale day.

  (4)   Despite paragraph   19(3)(d) of the Crimes (Superannuation Benefits) Act 1989 , an order under that paragraph may only specify that an amount paid to the Commonwealth before the sale day by or on behalf of SMEC, belongs to the Commonwealth.

  (5)   If:

  (a)   a person who was an employee of SMEC before the sale day committed a corruption offence while such an employee; and

  (b)   the person was paid benefits before, on or after the sale day out of the Consolidated Revenue Fund;

then, despite paragraph   19(4)(b) of the Crimes (Superannuation Benefits) Act 1989 , an order under that paragraph may only specify that an amount equal to the total benefits paid out of the Consolidated Revenue Fund be paid to the Commonwealth.

  (6)   Unless the contrary intention appears, expressions used in this section that are also used in the Crimes (Superannuation Benefits) Act 1989 have the same respective meanings as in that Act.



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