State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990
16Debiting of accounts—transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors
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16 Debiting of accounts—transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors
16 Debiting of accounts—transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors
Whenever the Board pays a benefit in accordance with clause 14 (minimum benefit for transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors) to a transferred contributor, the Board must debit the appropriate employer reserve with the difference between the amount of the benefit paid and the amount that, but for that clause, would have been paid under the current Act.