14Trustees of the Fund

14 Trustees of the Fund

14 Trustees of the Fund

(1) The trustees of the Fund are—

(a) 7 members of the Parliamentary Contributory Superannuation Scheme appointed by the trustees (an appointed trustee), and

(b) the Secretary of the Treasury.

(2) An appointed trustee vacates office on ceasing to be a member of the Parliamentary Contributory Superannuation Scheme.

(3) On a vacancy occurring in the office of appointed trustee, for any reason, the trustees must appoint a member of the Parliamentary Contributory Superannuation Scheme to replace the vacating trustee.

(4) An appointed trustee may be removed by—

(a) the trustees, or

(b) after consultation with the trustees, the Treasurer on reasonable grounds.

(5) Subject to this section, an appointed trustee holds office for the period specified in the trustee’s instrument of appointment, which must not exceed 4 years.

(6) An appointed trustee is eligible for reappointment.

s 14: Am 1979 No 132, Sch 1 (2); GG No 99 of 10.7.1981, p 3735; 1987 No 48, Sch 32; 1988 No 131, Sch 29; 1991 No 95, Sch 3 (11); 2014 No 88, Sch 1.19. Subst 2022 No 29, Sch 1.5[1].