(1) An Employer may
establish a superannuation scheme or fund for the benefit of persons who work
for the Employer, if and only if the Minister and the Treasurer have approved
the establishment of that scheme or fund.
(2) An Employer may
make superannuation contributions for persons who work for the Employer to a
superannuation fund or scheme other than —
(a) a
scheme under this Act;
(b) a
superannuation scheme or fund established in accordance with subsection (1);
or
(c) a
superannuation scheme or fund established before 28 December 1989,
if and only if the
Minister and the Treasurer have approved the making of those contributions.
(3) An approval given
by the Minister and the Treasurer under this section must be in writing and
may relate to —
(a) a
particular Employer or class of Employers;
(b) a
particular person who works for an Employer, or class of such persons; or
(c) a
particular scheme or fund or class of schemes or funds.
(4) This section
applies despite any other written law.