Document ID: chunk:federal_register_of_legislation:C2004C05891:section:14:p1
Version: federal_register_of_legislation:C2004C05891
Segment Type: section
Provision Reference: s 14 (pt 1/3)
Character Range: 13213–16208

14
  After Part V. of the Principal Act the following Part is inserted:—
  "PART VA.—MINISTERIAL RETIRING ALLOWANCES.
  "22A.  Interpretation.
  "(1.) In this Part, unless the contrary intention appears—
             'contributions' means contributions to the Ministerial Fund;
             'contributor' means a person liable to contribute to the Ministerial Fund;
             'office-holder' means the holder of any of the following               offices:—
              (a) Minister of State;
              (b) Leader of the Opposition, or Deputy Leader of               the Opposition, in the Senate; and
              (c) Leader of the Opposition, or Deputy Leader of               the Opposition, in the House of Representatives;
             'pension' means pension under this Part;
             'the Ministerial Fund' means the Ministerial Retiring Allowances Fund established by this Part.
  "(2.) A reference in this Part to the contributions of a person does not include a reference to any contributions that have been refunded to him.
  "(3.) Except as expressly provided in this Part, the provisions of Parts III., IV. and V. have effect as if this Part had not been enacted.
  "22B.   The Ministerial Retiring Allowances Fund.
  "(1.)  For the purposes of this Part, there shall be a Ministerial Retiring Allowances Fund.
  "(2.)  The Ministerial Fund shall consist of—
 (a) contributions paid by contributors, and repayments made by contributors, in pursuance of this Part;
 (b) moneys paid into the Ministerial Fund by the Commonwealth in pursuance of this Part; and
 (c) income derived from the investment of moneys forming part of the Ministerial Fund.
 "(3.) Subject to the next succeeding section, payments in respect of pensions and refunds of contributions provided by this Part shall be made from the Ministerial Fund.
  "22C.  Provisions relating to Fund.
  The provisions of sections nine A, nine B, ten and eleven of this Act apply to and in relation to the Ministerial Fund in like manner as they apply to and in relation to the Parliamentary Retiring Allowances Fund.
  "22D.  Periodical actuarial investigations.
  (1.)  An investigation as to the state and sufficiency of the Ministerial Fund shall be made as at the thirtieth day of June next following the expiration of seven years after the commencement of this Part and thereafter at intervals of not more than seven years.
  "(2.)  The investigations shall be made by the Commonwealth Actuary, who shall report the results of the investigation to the Trust.
  "(3.)  The Treasurer shall lay the report of the Commonwealth Actuary before each House of the Parliament within fourteen sitting days of that House after the report becomes available to him.
  "(4.)  In the report on each investigation, the Commonwealth Actuary shall certify the amount, or further amount, if any, which, in his opinion, should be paid into the Ministerial Fund by the Commonwealth in order to make proper provision for the payment