(1) A port authority may grant, or make provision for the grant of, retirement benefits to members and former members of staff and their dependants and for that purpose may, subject to section 56A of the Government Employees Superannuation Act 1987¾

(a) establish, manage and control; or

(b) enter into an arrangement with any body for the establishment, management and control by that body either alone or jointly with the port authority of,

any fund or scheme for the purpose of providing for such retirement benefits.

(2) A port authority may make contributions to any fund or scheme referred to in subsection (1).

(3) In subsection (1) ¾

}members of staff ~ includes the CEO.

(4) Nothing in this section affects the operation of the Superannuation and Family Benefits Act 1938 or the Government Employees Superannuation Act 1987 in relation to a port authority or members or former members of staff or their dependants.