Commonwealth Banks Act 1959
110Superannuation fund
Start here
Get a plain-English read of 110
Turn the raw legal text into a practical explanation grounded in Commonwealth Banks Act 1959.
110 Superannuation fund
(1) The Corporation’s superannuation fund that was in existence immediately before the commencement of this section: (a) continues in existence; and (b) is to be governed by the Trust Deed. (2) All the rights and liabilities of members and beneficiaries of the fund that existed immediately before the commencement of this section continue after the commencement of this section, subject to the Trust Deed. (3) In this section:
Trust Deed means the trust deed made before the commencement of this section between the Corporation and the Commonwealth Bank, and includes any amendments to that deed.