Government Superannuation Fund Act 1956

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Subsidy

Heading: inserted (with effect on 1 April 1987), on 29 October 1987, by section 2 of the Government Superannuation Fund Amendment Act 1987 (1987 No 187).

88 Provision for payments

(1)

All retiring allowances and refunds of contributions and all other money payable under this Part shall be paid out of the Parliamentary Superannuation Account.

(2)

Where in any year the money in the Parliamentary Superannuation Account is insufficient to meet the payments required by subsection (1), the deficiency shall be met by a payment from public money without further appropriation than this section.

Section 88: replaced (with effect on 1 April 1987), on 29 October 1987, by section 2 of the Government Superannuation Fund Amendment Act 1987 (1987 No 187).

Section 88(2): amended (with effect on 1 July 1989), on 26 July 1989, by section 86(1) of the Public Finance Act 1989 (1989 No 44).