Preservation of benefit

Current

(1)

Any amounts preserved by STC under this Act shall be preserved in such funds, accounts or reserves as STC determines, whether established under this Act or the Superannuation Administration Act 1996 or for the purposes of any other superannuation scheme administered by STC.

(2)

Any such preserved amounts payable by STC under this Act shall be paid from the appropriate fund, account or reserve referred to in this section.

This Act’s bill:Explanatory memorandum

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25 Preservation of benefit