Victorian Consolidated Legislation

Emergency Services Superannuation Act 1986 - SECT 18

Management Account of the Board

18. Management Account of the Board



(1) The Board must keep an account called the Management Account.

(2) The Board must credit to the Management Account-

   (a)  any money appropriated from time to time by the Board from the Scheme;

   (b)  any amount received under subsection (3);

   (c)  any money standing to the credit of the Management Account established
        under section 17(1) of the State Superannuation Act 1988 immediately
        before the commencement of the Superannuation Legislation (Governance
        Reform) Act 2005.



(3) If the Board administers any other superannuation fund or scheme or
provides services to any Minister, employer or employing authority, the Board
may require reimbursement for the costs of that administration or the
provision of those services.

(4) The Board must debit to the Management Account-

   (a)  the remuneration paid to members of the Board;

   (b)  the salaries or other remuneration paid to persons employed for the
        purposes of this Act;

   (c)  the expenses incurred in administering the Scheme and carrying out its
        functions under a Superannuation Act or the regulations under a
        Superannuation Act or under any other Act or the regulations under
        that other Act;

   (d)  the expenses of the Board in administering an administered scheme or
        any other superannuation scheme.