State Authorities Superannuation Act 1987
14BSource of administration costs payments
Start here
Get a plain-English read of 14B
Turn the raw legal text into a practical explanation grounded in State Authorities Superannuation Act 1987.
14B Source of administration costs payments
14B Source of administration costs payments
(1) The administration costs payable in respect of the superannuation scheme established under this Act are to be paid from employer reserves and contributors’ accounts established in accordance with this Act.
(2) The administration costs payable in respect of deferred benefits or preserved benefits are to be paid from contributors’ accounts established in accordance with this Act.
(3) The administration costs payable in respect of pensions provided under this Act are to be paid from employer reserves established in accordance with this Act.
s 14B: Ins 1996 No 39, Sch 4. Am 1996 No 121, Sch 1.19 (1)–(4); 1998 No 144, Sch 2.4 [4].