3Definitions

3 Definitions

3 Definitions

In this Act, unless inconsistent with the context or subject-matter—

Administration Account means the STC Administration Account maintained under the Superannuation Administration Act 1996.

Approved means approved by the Governor by notification published in the Gazette.

Benefits Fund means the Superannuation Benefits Fund established under section 15S.

Board means the SAS Trustee Corporation continued under the Superannuation Administration Act 1996.

Contingent Account means the Contingent Account established under section 17P.

Council includes County Council, urban committee, any joint committee constituted by any two or more councils under the Principal Act and a pastures protection board as defined in the Pastures Protection Act 1934.

Fund of the board means the Provident Fund, the Benefits Fund, the Pension Fund, the Management Account, the Contingent Account, the reserve account under section 4A or the reserve account under section 13A.

Future service factor means the difference between the number of years of the age at next birthday of a permanent servant at the time of his taking out a policy of insurance under this Act and sixty-five years.

Insurance company extends and applies to any company, society or body of persons incorporated or regulated, or enabled to sue and be sued, by any charter or Act and associated together with the object solely, or amongst others, of granting policies upon lives or entering into contracts for future endowments by way of annuity or otherwise; and also includes any Government department, mutual indemnity association, or other body undertaking insurance under this Act.

Past service factor means the number of completed years of past service, not exceeding in any case twenty years, of a permanent servant at the time at which this Act is applied to him, including war service with the Australian Expeditionary Forces where the permanent servant at the time of enlisting was in the employment of a council.

Pension Fund means the Local Government Pension Fund established under section 15AZ.

Permanent servant means town clerk, shire clerk, municipal engineer, shire engineer, health inspector, or other servant of a council to whom the provisions of this Act may by proclamation be extended.

The expression permanent servant includes a veterinary inspector who shall be deemed to be the permanent servant of a pastures protection board which pays his salary or any part thereof.