Western Australian Consolidated Acts Western Australian Consolidated Acts (1) There is a fund to
be known as the Coal Industry Superannuation Fund.
(1a) The regulations
may provide for people in any of the following categories to be members of the
Fund —
(a) mine
workers;
(b)
officers of the Board; or
(c)
people who are or have been the spouses or de facto partners of people
referred to in paragraphs (a) or (b).
(1b) The Governor may,
by order published in the Gazette , specify other categories of people who may
be permitted by the regulations to be members of the Fund.
(1c) The people
specified under subsection (1b) must be people —
(a) who
are, or have been —
(i)
involved in coal mining in Western Australia; or
(ii)
closely related to a person who is or has been involved
in coal mining in Western Australia;
and
(b)
whose membership of the Fund would not prevent the Fund being a complying
superannuation fund within the meaning of the SIS Act.
(2) The Fund consists
of —
(a)
contributions paid in accordance with the regulations;
(b) all
other property received by the Board for or in connection with the Fund;
(c)
property in which the Fund is invested;
(d)
income derived from the investment of the Fund; and
(e)
accretions to, and profits arising from the realisation of, property in which
the Fund is invested.
(3) The Fund shall be
available for the payment of —
(a)
benefits to or in respect of members of the Fund in accordance with this Act;
(b)
pensions and additional payments payable under clause 6 of
Schedule 3;
(c) the
costs and expenses of conducting elections under clause 2 of
Schedule 2;
(d)
allowances to members of the Board under clause 13 of Schedule 2;
and
(e) the
costs and expenses of administering the Fund and the provisions of this Act
relating to the Fund.
[Section 9 amended by No. 46 of 1995
s. 9; No. 16 of 2006 s. 5.]