Military Superannuation and Benefits Trust Deed
11CInvestment Divisions—general
Start here
Get a plain-English read of 11C
Turn the raw legal text into a practical explanation grounded in Military Superannuation and Benefits Trust Deed.
11C Investment Divisions—general
(1) CSC may establish an Investment Division of the Fund at any time. (2) CSC may, at any time: (a) refuse to issue further units for an Investment Division; or (b) wind up an Investment Division; or (c) merge 2 or more Investment Divisions; or (d) divide an Investment Division into 2 or more Investment Divisions. (3) CSC: (a) must name each Investment Division that it establishes (including an Investment Division established after a merger or division); and (b) may change the name of an Investment Division. (4) There must be at least one Investment Division in existence at all times.