New South Wales Consolidated Acts
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GREATER NEWCASTLE (AMENDMENT) ACT 1940 - SECT 3
Validation of scheme
3 Validation of scheme
(1) The agreement is hereby ratified and confirmed.
(2) Without prejudice to
the generality of subsection one of this section: (a) the execution by the
Board of the agreement is validated,
(b) the establishment by the Board
pursuant to the agreement of a superannuation fund, the payment of moneys to
that fund by the Board pursuant to the agreement, and the payment of moneys by
the Board out of that fund pursuant to the agreement, are hereby validated.
(3) The rule of law relating to perpetuities shall not apply and shall be
deemed never to have applied to or in respect of the trusts of the scheme
arising out of the agreement, or out of the agreement as altered by any
instrument lawfully made after the commencement of this Act.
(4) The
provisions of the Truck Act of 1900 , or of section forty-nine of the
Industrial Arbitration Act 1912 , or of section ninety-two of the Industrial
Arbitration Act 1940 , or of any Act amending or replacing those provisions,
shall not apply and shall be deemed never to have applied in respect of
deductions from the wages or salary of a contributor to the scheme of the
amount of the contribution payable by such contributor thereto.
(5) The
agreement shall be, and shall be deemed always to have been, an agreement with
the Board within the meaning of paragraph (e) of subsection two of section
twenty-one of the Greater Newcastle Act 1937 , as amended by subsequent Acts,
and in force immediately before the appointed day referred to in that section.
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