Victorian Current Acts

EMERGENCY SERVICES SUPERANNUATION ACT 1986 - SECT 21I

    (1)     The Board must establish and maintain within the Scheme a separate account for each member.

    (2)     The Board must credit to a member's account—

        (a)     any employer contributions made in respect of that member; and

        (b)     any contributions made by the member; and

        (c)     any net earnings calculated on the basis of the net earning rate of ESSPLAN or an investment fund; and

S. 21I(2)(d)
amended by Nos 37/2007 s. 10(1), 43/2008 s. 17.

        (d)     subject to any specified standards, any other amount payable to the member's account, including any amount rolled over, transferred or allotted from within the superannuation system.

    (3)     The Board must debit to a member's account—

        (a)     an amount determined by the Board in respect of management and administration costs incurred by the Board in the administration of ESSPLAN; and

        (b)     the amount of any premiums payable by or in respect of the member including any amount determined under section 21G(2); and

        (c)     an amount determined by the Board in respect of any tax paid or payable by the Board in respect of contributions to a member's account; and

        (d)     any net loss calculated on the basis of the net earning rate of the Scheme or an investment fund; and

        (e)     the amount of any benefit payable to the member or payable in respect of the member; and

S. 21I(3)(f)
substituted by No. 37/2007 s. 10(2).

        (f)     any amounts rolled over, transferred or allotted within the superannuation system; and

        (g)     any other amount payable by the member.

S. 21IA inserted by No. 37/2007 s. 11.