Superannuation Administration Act 1996
66STC may compromise or settle claims
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66 STC may compromise or settle claims
66 STC may compromise or settle claims
(1) STC may compromise or otherwise settle any claim made against it.
(2) If STC compromises or otherwise settles a claim in relation to a benefit, the compromise or settlement discharges STC’s obligations as regards the benefit, and the amount payable is to be regarded as a benefit under the STC scheme concerned and is payable from the appropriate STC fund accordingly.
(3) To the extent that an amount payable by STC following a compromise or settlement is not a benefit under the relevant STC scheme, the amount is payable from whichever fund or funds that STC considers appropriate.
(4) STC may make such inquiries and investigations with respect to a claim made against it as it thinks fit.