Military Superannuation and Benefits Trust Deed
9Operation of the Fund
Start here
Get a plain-English read of 9
Turn the raw legal text into a practical explanation grounded in Military Superannuation and Benefits Trust Deed.
9 Operation of the Fund
(1) All contributions and other moneys paid to CSC, or as directed by CSC, shall be held in trust by CSC in the Fund. The Fund shall be managed and invested by CSC in accordance with the Act and the Deed. (2) The Fund shall comprise: (a) contributions made by members; (b) contributions made by the Commonwealth pursuant to the Act and the Deed; (c) any other moneys paid or transferred to CSC pursuant to the Act and the Deed or which become subject to the trusts of the Deed; (d) the income arising from investments; and (e) any accretions to or profits on realisation of investments. (3) The Fund shall be used by CSC to pay benefits to or in respect of members, to make payments to the Commonwealth in respect of members’ benefits as provided for in the Act and to pay the costs and expenses of the management and investment of the Fund.