New South Wales Consolidated Acts

LOCAL GOVERNMENT AND OTHER AUTHORITIES (SUPERANNUATION) ACT 1927 - SECT 7

7 Exemption

(1) Every permanent servant of a council who at the commencement of this Act or at the date upon which the provisions of this Act are applied to him or at the date of his appointment (as the case may be):

(a) has attained the age of fifty-five years, or

(b) having attained the age of fifty years elects within such time and in such manner as may be prescribed to contribute to the Provident Fund, or

(c) being under the age of fifty-five years duly applies through the board to an insurance company for a policy of insurance under section 4 and:

(i) is refused by such insurance company, or

(ii) is informed that such insurance company will not accept the risk except upon the condition of his being charged a premium in respect of such policy at the rate charged by such insurance company for an age seven years or more greater than his actual age, or

(iii) is informed that such insurance company will not accept the risk except upon the condition of his being charged a premium in respect of such policy at the rate charged by such insurance company for an age three or more years greater but not exceeding six years greater than his actual age, and who elects within such time and in such manner as may be prescribed to contribute to the Provident Fund,

shall be exempted from the obligation to effect insurance under section 4.

(2) Paragraph (b) of subsection (1) (as amended by the Local Government (Superannuation) Amendment Act 1935 ), shall not be construed to extend to any case of a permanent servant who prior to the commencement of that Act had attained the age of fifty years and prior to such commencement has arranged with the board to insure or has effected insurance pursuant to section 4.