16ANon-contributory schemes account

16A Non-contributory schemes account (1) The Board must keep an account in the Fund called the non-contributory schemes account. (2) There shall be credited to the account in respect of each scheme member such amounts in respect of such periods commencing on or after 1 July 1992 as the Board, on the advice of an actuary and with the approval of the Minister, determines from time to time, having regard to the Commonwealth Act. (3) In addition to the amounts paid under subsection (2), there shall be credited to the account in respect of a scheme member such amounts as the Board from time to time determines, on the advice of an actuary and with the approval of the Minister, having regard to interest earned on investment of the Fund, after deduction of income tax (if any) and costs and expenses incurred by the Board in keeping the account. S. 16A(4)(5) repealed by No. 82/1996 s. 59(2). S. 16A(5A) inserted by No. 110/1993 s. 73. (5A) If a pension or benefit is not payable to or in respect of a person under the relevant Act, the amount in the account is to be paid to the person or to his or her dependant or legal personal representative as the Board determines. S. 16A(5B) inserted by No. 110/1993 s. 73, repealed by No. 120/1994 s. 53(2). (6) In this section— ***account*** means the non-contributory schemes account referred to in subsection (1); ***Commonwealth Act*** means the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth; S. 16A(6) def. of *relevant Act* amended by Nos 70/2003 s. 20(1), 28/2013 s. 7, 31/2024 s. 113(Sch. 1 item 35). ***relevant Act*** means **Attorney-General and Solicitor-General Act 1972**, **Constitution Act 1975**, **County Court Act 1958**, **Director of Public Prosecutions Act 1982**, **Magistrates' Court Act 1989**, **Independent Broad-based Anti-corruption Commission Act 2011**, **Integrity Oversight Victoria Act 2011** and **Supreme Court Act 1986**; ***scheme member*** means a person who has not resigned or retired but who, on resignation or retirement, will be entitled to a pension under a relevant Act. S. 16A(7) inserted by No. 70/2003 s. 20(2). (7) Part 7A does not apply in respect of the account. S. 17 repealed by No. 94/2005 s. 38(2). Ss 18, 19 repealed by No. 120/1994 s. 56(3). Ss 20–22 repealed by No. 31/1994 s. 4(Sch. 2 item 84). S. 23 amended by Nos 82/1996 s. 60, 46/1998 s. 7(Sch. 1), repealed by No. 94/2005 s. 38(2). Pt 3A (Heading and ss 23A–23G) inserted by No. 95/2000 s. 3, repealed by No. 94/2005 s. 39.