Victorian Consolidated Legislation

Emergency Services Superannuation Act 1986 - SECT 21I

Member's accounts for ESSPLAN

21I. Member's accounts for ESSPLAN



(1) The Board must establish and maintain within the Scheme a separate account
for each member.

(2) The Board must credit to a member's account-

   (a)  any employer contributions made in respect of that member; and

   (b)  any contributions made by the member; and

   (c)  any net earnings calculated on the basis of the net earning rate of
        ESSPLAN or an investment fund; and

   (d)  subject to any specified standards, any other amount payable to the
        member's account, including any amount rolled over, transferred or
        allotted from within the superannuation system.

(3) The Board must debit to a member's account-

   (a)  an amount determined by the Board in respect of management and
        administration costs incurred by the Board in the administration of
        ESSPLAN; and





   (b)  the amount of any premiums payable by or in respect of the member
        including any amount determined under section 21G(2); and

   (c)  an amount determined by the Board in respect of any tax paid or
        payable by the Board in respect of contributions to a member's
        account; and

   (d)  any net loss calculated on the basis of the net earning rate of the
        Scheme or an investment fund; and

   (e)  the amount of any benefit payable to the member or payable in respect
        of the member; and

   (f)  any amounts rolled over, transferred or allotted within the
        superannuation system; and

   (g)  any other amount payable by the member.