Local Government and Other Authorities (Superannuation) Act 1927
16ABoard may receive commissions etc
Start here
Get a plain-English read of 16A
Turn the raw legal text into a practical explanation grounded in Local Government and Other Authorities (Superannuation) Act 1927.
16A Board may receive commissions etc
16A Board may receive commissions etc
(1) The board may under any agreement made with any approved insurance company or companies under subsection (2) of section 4 accept payment by way of commission or rebate or like payments in consideration of effecting insurances under this Act with such company or companies. All moneys so received by the board shall be paid into the Administration Account.
(2) This section shall be deemed to have commenced on the first day of October, one thousand nine hundred and twenty-seven.
s 16A: Ins 1935 No 24, sec 5 (a). Am 1983 No 104, Sch 1 (6); 1991 No 96, Sch 6.