Part 1Provisions relating to remuneration, programme funding, and other payments concerning office of Governor-General
Salary, allowance, annuity, and other payments
10Compensation for lost or adversely affected superannuation rights
Subsection (2) applies if a person is appointed to the office of Governor-General and, because of the person's acceptance of that office, the superannuation rights of the person who is appointed to the office, or the superannuation rights of the spouse or partner of that person, have been lost or otherwise adversely affected.
From the date on which the person appointed to the office of Governor-General ceases to hold that office, compensation must be paid to that person, or to the surviving spouse or partner of that person, of a sum or an annuity, or both, provided for in a written agreement made between that person and the Minister of Finance before that person assumed office as Governor-General.
An agreement made between the person appointed to the office of Governor-General and the Minister of Finance for the purposes of this section has effect according to its tenor and—
- may provide for the payment of contributions by the Governor-General; and
- if it provides for the payment of an annuity, may provide for any annuity payable under section 8 or 9 to be payable at a rate less than that prescribed by whichever of those sections applies.
Compare
- 1979 No 33 s 5