NSWIn ForceAct
Perpetuities Act 1984
13Superannuation and other funds
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#### 13 Superannuation and other funds
13 Superannuation and other funds
> > (1) In this section:
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> > employees includes directors, officers, servants and employees of any employer.
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> > fund means a provident, superannuation, sick, accident, assurance, unemployment, pension or co-operative benefit fund, scheme, arrangement or provision or other like fund, scheme, arrangement or provision.
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> > self-employed persons includes persons engaged in any lawful profession, trade, occupation or calling.
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> > (2) The rule against perpetuities does not invalidate a fund established by a settlement for the benefit of:
> >
> > > (a) employees,
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> > > (b) self-employed persons,
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> > > (c) spouses, children, grandchildren, parents, dependants or legal personal representatives of employees or self-employed persons, or
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> > > (d) persons duly selected or nominated for that purpose by employees or self-employed persons pursuant to the provisions of the settlement.
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> > (2A) The rule against perpetuities does not invalidate a trust established by a settlement and used for investing the assets of a fund referred to in subsection (2) (whether or not it is also used for investing other assets). This subsection does not affect the generality of subsection (2).
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> > (3) This section applies to settlements taking effect before, on or after the appointed day.
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> **s 13:** Am 1991 No 57, sec 3.