Victorian Consolidated Legislation

Constitution Act 1975 - SECT 7F

Actuary's calculation after former Governor's election to commute pensions

7F. Actuary's calculation after former Governor's election to commute pensions



(1) If an election under section 7E is in operation, the Minister must within
10 days after the day on which the Minister received the election-

   (a)  cause an actuary to determine the extent to which a former Governor's
        pension and any future entitlement of the former Governor's partner to
        a pension upon the Governor's death otherwise payable under this Act
        will be reduced subject to section 7G(3) and taking into account the
        specified amount of the lump sum to be provided by the commutation of
        the pensions; and

   (b)  notify the former Governor or, if he or she has died, the former
        Governor's partner of the actuary's determination under subsection
        (1)(a).

(2) A former Governor or, if he or she has died, the former Governor's partner
may revoke the election under section 7E within 10 days after the Minister's
notification under subsection (1)(b).