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Local Government and Other Authorities (Superannuation) Act 1927
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Local Government and Other Authorities (Superannuation) Act 1927
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Turn the raw legal text into a practical explanation grounded in Local Government and Other Authorities (Superannuation) Act 1927.
15ZA Power of the board to purchase annuity etc out of money payable under section 15V, 15W, 15X or 15Y
Whenever an amount becomes payable under section 15V, 15W, 15X or 15Y to a former contributor or to the personal representatives of a former contributor, the board must, if requested to do so by the former contributor or by those personal representatives, apply the amount, or such part of it as is specified by the former contributor or those personal representatives, in purchasing for the former contributor, or the beneficiaries of the former contributor’s estate a right to an annuity or other form of pension from a person nominated by the former contributor or those personal representatives.
s 15ZA: Ins 1989 No 229, Sch 1.