Western Australian Current Acts

STATE SUPERANNUATION ACT 2000 - SECT 20A

20A .         Reserves in Fund and reserving strategy, Board’s functions as to

        (1)         The Board may maintain reserves within the Fund.

        (2)         The Board is to formulate a reserving strategy for the Fund.

        (3)         The Board’s reserving strategy for the Fund is to be consistent with —

            (a)         the Board’s capacity to discharge the liabilities of the Fund, actual and contingent, as they fall due; and

            (b)         any relevant Treasurer’s guidelines.

        (4)         The Board is to review its reserving strategy from time to time in accordance with any relevant Treasurer’s guidelines.

        (5)         In exercising its power under subsection (1) the Board is to —

            (a)         act in accordance with any relevant Treasurer’s guidelines; and

            (b)         act so as to give effect to the Fund reserving strategy.

        [Section 20A inserted: No. 35 of 2011 s. 45.]