Queensland Consolidated Acts Queensland Consolidated Acts(1) Subject to this section, the Minister may cause to be taken out and maintained on behalf of any member who is appointed on a full-time basis, other than the holder of a judicial office or an acting member, a policy of assurance that will provide for such member, the member's spouse and children or any of them, as the Governor in Council approves, superannuation benefits of such a nature as the Governor in Council approves.
(2) A policy of assurance referred to in subsection (1), if taken out, shall be on terms that in the Minister's opinion are the best terms available at the time the policy is sought.
(3) So long as a member on whose behalf a policy of assurance referred to in subsection (1) is maintained holds an appointment on a full-time basis as a member, there shall be paid from moneys from time to time appropriated by Parliament for the purpose the amount of all premiums and other moneys required to be paid to maintain such policy.
(4) A member on whose behalf a policy of assurance referred to in subsection (1) is maintained, the member's spouse and each child of the member shall according to the terms of the policy be entitled to receive such benefits as are secured to him or her under the policy upon the fulfilment of the conditions on which such benefits become payable under the policy.