Div 2The Fund

Division 2—The Fund 10—The Fund (1) The Police Superannuation Fund is established. (2) The assets of the Fund belong (both at law and in equity) to the Crown. (3) The Fund is subject to the management and control of the Superannuation Funds Management Corporation of South Australia. (4) The Treasurer must pay into the Fund from the Consolidated Account (which is appropriated to the necessary extent) or from a special deposit account established by the Treasurer for the purpose— (a) periodic contributions reflecting the contributions paid to the Treasurer by contributors with respect to the relevant period; and (b) the amount of any co‑contributions paid to the Board on behalf of a contributor (but received by the Treasurer on behalf of the Board) with respect to any relevant period. (5) All interest and accretions arising from investment of the Fund must be paid into the Fund. (6) The Fund will be treated as made up of 2 major divisions— (a) 1 proportioned to— (i) the aggregate balance, as at a date determined by the Board, of contribution accounts maintained in the names of contributors; (ii) the amount, as at the date referred to in subparagraph (i), that represents income of the Fund referable to contributors that is not reflected in contribution accounts; (iii) the amount, as at the date referred to in subparagraph (i), that is referable to contributions of contributors whose contribution accounts have been closed; (iv) subsequent contributions and payments referable to contributors; (v) subsequent income of the Fund attributable to investment of this division of the Fund; (b) 1 proportioned to the aggregate balance of co‑contribution accounts to the extent that they hold the amount of any co‑contributions that have been paid to the Board. (7) The following amounts will be paid from the Fund: (a) administrative costs and other expenses related to the management and investment of the Fund; (b) the prescribed percentage of the other costs of administering this Act; (c) any reimbursement of the Consolidated Account or a special deposit account that the Treasurer charges against the Fund in pursuance of this Act. (8) The Superannuation Funds Management Corporation of South Australia must determine the value of each division of the Fund as at the end of each financial year. 11—Investment of the Fund (1) The Fund will be invested in a manner determined by the Superannuation Funds Management Corporation of South Australia. (2) The Corporation may enter into transactions affecting the Fund— (a) for the purpose of investment; or (b) for purposes incidental, ancillary or otherwise related to investment.