17BGroup accounts

17B Group accounts (1) The Board may establish and maintain separate group accounts within the Scheme. (2) A group account must show the asset and liability position of the account. (3) Group accounts may be established for a part or all of the Scheme and any administered scheme. (4) A group account must be credited with— (a) all contributions and amounts received by the Board by or on behalf of the contributors, beneficiaries, members or pensioners to which the group account relates; (b) that part of the investment earnings of the Scheme that the Board determines is attributable to the group account on a fair and equitable basis. (5) A group account must be debited with— (a) all benefits paid to or in respect of the contributors, beneficiaries, members or pensioners to which the group account relates; (b) that part of the amount appropriated by the Board to the Management Account under section 18 that the Board determines is attributable to the group account on a fair and equitable basis; (c) any other expenses, taxes or charges which the Board determines are attributable to the group account on a fair and equitable basis.