5A
In forceInvestment of contributions
5A Investment of contributions
(1)
Contributions accepted or collected by a benefit association must—
(a)
be held in a fund under the control of a trustee approved by the Minister; or
(b)
be invested otherwise as approved by the Minister.
(2)
A fund established under subsection (1)(a) must be invested in accordance with the Trustee Act 1936 and the value of the fund must be maintained at a level at least equal to the liabilities of the fund certified annually by an actuary.
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