sec.31State’s contribution from consolidated fund

### sec.31 State’s contribution from consolidated fund The Treasurer must make, on behalf of the State, the following contributions to the scheme fund— contributions to satisfy defined benefits that become payable to government defined benefit members under the deed; any other contributions the Treasurer considers necessary for the efficient and effective operation of the scheme in relation to government defined benefit members. The amounts of the contributions payable under subsection (1) (a) are the amounts decided by the trustee on the advice of an actuary. The amounts of the contributions payable under subsection (1) (b) are the amounts decided by the Treasurer in consultation with the trustee. The contributions under subsection (1) in a financial year must be at least the amount required to meet defined benefits under the deed that become payable in the financial year less— any share of the defined benefits satisfied by contributions already made to the scheme fund by the Treasurer under this section or former section 29 ; and any share of the defined benefits satisfied by— contributions already made by the government defined benefit members to whom the defined benefits are payable; and accumulated interest on the contributions mentioned in subparagraph (i) . A contribution under subsection (1) must be paid out of the consolidated fund, which is appropriated accordingly. In this section— accumulated interest , on contributions made by a government defined benefit member, means interest credited to the member’s account under the deed that is attributable to the amount of the contributions. former section 29 means section 29 of this Act as in force before the commencement. s 31 ins 2021 No. 20 s 31 (sec.31-ssec.1) The Treasurer must make, on behalf of the State, the following contributions to the scheme fund— contributions to satisfy defined benefits that become payable to government defined benefit members under the deed; any other contributions the Treasurer considers necessary for the efficient and effective operation of the scheme in relation to government defined benefit members. (sec.31-ssec.2) The amounts of the contributions payable under subsection (1) (a) are the amounts decided by the trustee on the advice of an actuary. (sec.31-ssec.3) The amounts of the contributions payable under subsection (1) (b) are the amounts decided by the Treasurer in consultation with the trustee. (sec.31-ssec.4) The contributions under subsection (1) in a financial year must be at least the amount required to meet defined benefits under the deed that become payable in the financial year less— any share of the defined benefits satisfied by contributions already made to the scheme fund by the Treasurer under this section or former section 29 ; and any share of the defined benefits satisfied by— contributions already made by the government defined benefit members to whom the defined benefits are payable; and accumulated interest on the contributions mentioned in subparagraph (i) . (sec.31-ssec.5) A contribution under subsection (1) must be paid out of the consolidated fund, which is appropriated accordingly. (sec.31-ssec.6) In this section— accumulated interest , on contributions made by a government defined benefit member, means interest credited to the member’s account under the deed that is attributable to the amount of the contributions. former section 29 means section 29 of this Act as in force before the commencement. - (a) contributions to satisfy defined benefits that become payable to government defined benefit members under the deed; - (b) any other contributions the Treasurer considers necessary for the efficient and effective operation of the scheme in relation to government defined benefit members. - (a) any share of the defined benefits satisfied by contributions already made to the scheme fund by the Treasurer under this section or former section 29 ; and - (b) any share of the defined benefits satisfied by— (i) contributions already made by the government defined benefit members to whom the defined benefits are payable; and (ii) accumulated interest on the contributions mentioned in subparagraph (i) . - (i) contributions already made by the government defined benefit members to whom the defined benefits are payable; and - (ii) accumulated interest on the contributions mentioned in subparagraph (i) . - (i) contributions already made by the government defined benefit members to whom the defined benefits are payable; and - (ii) accumulated interest on the contributions mentioned in subparagraph (i) .