Coal and Oil Shale Mine Workers (Superannuation) Act 1941
20Pensions to be inalienable
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20 Pensions to be inalienable
20 Pensions to be inalienable
(1) A pension payable under the AUSCOAL Rules is not capable of being alienated.
(2) However, subsection (1) does not prevent the Corporate Trustee, either with or without the consent of the pensioner, from paying such a pension or part of such a pension to a person for the benefit of the pensioner.
(3) A person must not demand or accept from another person who is entitled to a pension under the AUSCOAL Rules a document, or an acknowledgment or undertaking, that would constitute a legal or equitable assignment of, or a charge on, the pension had the pension been capable of being lawfully assigned or charged.
Maximum penalty—10 penalty units.
s 20: Am 1992 No 112, Sch 1. Subst 1994 No 85, Sch 3 (42).