Commonwealth Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1948 - SECT 8

             (1)  The affairs of the Trust shall be conducted at meetings of the trustees.

             (2)  At all meetings of the trustees, 3 trustees shall form a quorum.

             (3)  The Minister for Finance (or a Minister exercising the powers and functions of the Minister for Finance as a trustee) shall preside at any meeting of the trustees at which he or she is present and, if neither the Minister for Finance nor such a Minister is present at a meeting, the trustees present shall elect one of their number to preside at that meeting.

             (4)  A majority of the trustees present at a meeting shall have power to bind the Trust and to pass resolutions of the trustees, and, if the number of trustees present is 4, the trustee presiding and one other trustee shall also have power to bind the Trust and to pass such resolutions.

             (5)  The Secretary to the Department of Finance, or an officer of the Department of Finance appointed by him or her for the purpose, shall attend meetings of the trustees and give such advice and assistance as the trustees require.