Victorian Consolidated Legislation

Emergency Services Superannuation Act 1986 - SECT 21K

Investment funds

21K. Investment funds



(1) The Board may establish special arrangements within the Scheme to be
called investment funds.

(2) The Board may, with the consent of a beneficiary, member or spouse, treat
the whole or part of a beneficiary's, member's or spouse's account as forming
part of an investment fund.

(3) The Board may allow a beneficiary, member or spouse to elect, at such time
and on such terms as the Board determines, to withdraw the whole or part of a
beneficiary's, member's or spouse's account from an investment fund and to
treat the whole or part of the same as forming part of the Scheme or a
different investment fund or to pay the whole or part to that beneficiary,
member or spouse.

(4) If any part of a beneficiary's, member's or spouse's account balance is
treated as forming part of an investment fund, the adjustment to the
beneficiary's, member's or spouse's account balance under section 21L must
have regard to that particular investment.