24AMoney owing to the Scheme

24A Money owing to the Scheme

S. 24A(1) amended by No. 61/2013 s. 16(7)(9).

(1) The Board may recover any amount of money owing to the Scheme by a member, former member, beneficiary or any other person together with an interest on that amount in accordance with subsection (2)—

S. 24A(1)(a) amended by No. 61/2013 s. 16(7)(9).

(a) if any amount is or becomes payable from the Scheme to that member, former member, beneficiary or other person by the Board deducting it from that amount; or

(b) in any other case as a debt in any court of competent jurisdiction.

S. 24A(2) amended by No. 61/2013 s. 16(9).

(2) Interest at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 is payable on any amount owing to the Scheme calculated from the date on which the amount becomes due until the date on which the amount is paid or otherwise recovered under subsection (1).

S. 24B (Heading) inserted by No. 61/2013 s. 16(13).

S. 24B inserted by No. 4/1996 s. 73.