Mortality fund
265 Mortality fund
A member of a State organisation may, by written notice delivered at or sent to the registered office of the organisation, nominate any person to whom money due to the member by the organisation is to be paid at the member’s death.
The notice must not nominate an officer or employee of the organisation unless the officer or employee is a member of the family of the nominator.
A member of a State organisation may from time to time revoke or vary a nomination under subsection (1) by written notice delivered at or sent to the registered office of the organisation.
The organisation, on receiving satisfactory proof of the death of the nominator, must pay to the nominee the amount due to the deceased member.
This Act’s bill:Explanatory memorandumSecond reading speech
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