South Australian Consolidated Acts South Australian Consolidated Acts24—Investigation of the Fund
(1) An investigation
into the state and sufficiency of the Fund must be carried out on a yearly
basis.
(2) An investigation
under this section will be carried out by an actuary appointed for the purpose
by the Board.
(3) The actuary
carrying out an investigation under this section will report to the Board on
the result of the investigation and must state whether any reduction or
increase is necessary in the rates of contribution to the Fund.
(4) The Board must, on
the receipt of a report under subsection (3), immediately supply a copy
of the report to the Minister.
(4a) The Board must
forward with the report such recommendations as the Board thinks fit relating
to whether the rates of contribution to the Fund should be reduced, increased,
or left unaltered.
(5) The Minister must,
within six sitting days after receipt of a report supplied under
subsection (4), cause a copy of the report to be laid before both Houses
of Parliament.