Law Reform Commission Act Amendment Act 1976 (Qld)

520 Quaxlsfiln^ ANNO VICESIMO QUINTO ELIZABETHAE SECUNDAE REGINAE No. 55 of 1976 An Act to amend the Law Reform Commission Act1968-1972 in certain particulars [ASSENTED TO 1ST OCTOBER, 1976] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Law Reform Commission Act Amendment Act 1976. (2) In this Act the Law Reform Commission Act1968-1972 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Law Reform Commission Act1968-1976. 2. New s. 13A. The Principal Act is amended by inserting after section 13 the following section:- " 13A. Superannuation benefits for certain members . (1) Subject to this section, the Minister may cause to be taken out and maintained on behalf of any member who is appointed on a full-time basis, other than the holder of a judicial office or an acting member, a policy of assurance that will provide for such member, his widow and children or any of them, as the Governor in Council approves, superannuation benefits of such a nature as the Governor in Council approves.

Law Reform Commission Act Amendment Act 1976, No. 55 521 (2) A policy of assurance referred to in subsection (1), if taken out, shall be on terms that in the Minister's opinion are the best terms available at the time the policy is sought. (3) So long as a member on whose behalf a policy of assurance referred to in subsection (1) is maintained holds an appointment on a full-time basis as a member, there shall be paid from moneys from time to time appropriated by Parliament for the purpose the amount of all premiums and other moneys required to be paid to maintain such policy. (4) A member on whose behalf a policy of assurance referred to in subsection (1) is maintained, his widow and each child of his shall according to the terms of the policy be entitled to receive such benefits as are secured to him or her under the policy upon the fulfilment of the conditions on which such benefits become payable under the policy.".