s. 13 (2) The Parliamentary Trustee shall appoint an S. 13(2) actuary to make an actuarial investigation as to the amended by Nos 4/1996 state and sufficiency of the Fund as at 30 June s. 75(a), 1996 and as at the expiration of each period of 82/1996 s. 42(2). three years thereafter. (3) When the actuary has completed each S. 13(3) amended by investigation of the Fund before the investigation No. 82/1996 as at 30 June 1996 he shall certify the amount that s. 42(3). is required to be paid to the Fund in each financial year during the period from the 1st day of July in the next ensuing financial year until the expiration of twenty-five years after that date in addition to the other income of the Fund to enable the Fund to meet its liabilities. (3A) When the actuary has completed each actuarial S. 13(3A) inserted by investigation of the Fund as at 30 June 1996 and No. 7800 as at the expiration of each period of 3 years s. 3(b), substituted by thereafter, the actuary must certify in each No. 4/1996 actuarial investigation the amount in equal annual s. 68(1), amended by instalments that is required to be paid to the Fund No. 82/1996 in each financial year during the period from s. 42(4)(a)(b). 1 July after the date as at which the actuarial investigation is held until 30 June 2014 in addition to the other income of the Fund to enable the Fund to extinguish its unfunded liability at the end of that period. (3B) Despite subsection (3A), the Treasurer of Victoria S. 13(3B) inserted by may on the recommendation of the Parliamentary No. 7800 Trustee made on the advice of an actuary approve s. 3(b), substituted by the making of payments in greater amounts than No. 4/1996 would otherwise be certified under subsection s. 68(1), amended by (3A) so as to enable the unfunded liability to be No. 82/1996 extinguished before the end of the period specified s. 42(5). in subsection (3A).
S. 13(2) amended by Nos 4/1996 s. 75(a), 82/1996 s. 42(2). (2) The Parliamentary Trustee shall appoint an actuary to make an actuarial investigation as to the state and sufficiency of the Fund as at 30 June 1996 and as at the expiration of each period of three years thereafter. S. 13(3) amended by No. 82/1996 s. 42(3). (3) When the actuary has completed each investigation of the Fund before the investigation as at 30 June 1996 he shall certify the amount that is required to be paid to the Fund in each financial year during the period from the 1st day of July in the next ensuing financial year until the expiration of twenty-five years after that date in addition to the other income of the Fund to enable the Fund to meet its liabilities. S. 13(3A) inserted by No. 7800 s. 3(b), substituted by No. 4/1996 s. 68(1), amended by No. 82/1996 s. 42(4)(a)(b). (3A) When the actuary has completed each actuarial investigation of the Fund as at 30 June 1996 and as at the expiration of each period of 3 years thereafter, the actuary must certify in each actuarial investigation the amount in equal annual instalments that is required to be paid to the Fund in each financial year during the period from 1 July after the date as at which the actuarial investigation is held until 30 June 2014 in addition to the other income of the Fund to enable the Fund to extinguish its unfunded liability at the end of that period. S. 13(3B) inserted by No. 7800 s. 3(b), substituted by No. 4/1996 s. 68(1), amended by No. 82/1996 s. 42(5). (3B) Despite subsection (3A), the Treasurer of Victoria may on the recommendation of the Parliamentary Trustee made on the advice of an actuary approve the making of payments in greater amounts than would otherwise be certified under subsection (3A) so as to enable the unfunded liability to be extinguished before the end of the period specified in subsection (3A). s. 13
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