New South Wales Consolidated Acts

LOCAL GOVERNMENT AND OTHER AUTHORITIES (SUPERANNUATION) ACT 1927 - SECT 15Z

15Z Board to certify amount due

(1) Where a person becomes entitled to any payment under section 15V, 15W, 15X or 15Y the board shall before making the payment:

(a) make such adjustments to the servant’s account from which the payment or any part of the payment is to be made as it considers necessary by reason of any unpaid liability to the board of the council or the former contributor concerned, by reason of any transfers to or from the servant’s account concerned required to be made but not made or by reason of the payment in advance of any amounts paid by a council or for any other reason that the board thinks fit,

(b) credit to that servant’s account such amount as the board thinks fit in respect of interest for the period from the commencement of the superannuation year in which the payment is to be made to the proposed date of the payment, and

(c) certify the amount payable under section 15V, 15W, 15X or 15Y, as the case may be, after such adjustments have been made or the servant’s account has been so credited.

(2) The amount certified by the board under paragraph (c) of subsection (1) shall be the amount payable under section 15V, 15W, 15X or 15Y, as the case may be.

(3) Where a person becomes entitled to any payment under section 15V, 15W, 15X or 15Y and the council which employed the contributor in respect of whom the payment is to be made has paid in advance to the board any contributions in respect of that contributor, the board shall refund to that council such part of those contributions as is attributable to the period that is after the date on which the contributor resigns, dies or is dismissed.