Australian Mutual Provident Society's Officers' Provident Fund Trustees Enabling Act (NSW)

AUSTRALIAN Moroat ProvipEent Socrety's OFFICERS' Provipext Funp

TRUSTEES

Enanuixe,

Preamble,

Act, 1912.

Australian Mutual Provident Soctety's Officers' Provident Fund Trustees Enabling.

An Act on behalf of the trustees of the Officers' Provident Fund of the Australian Mutual Provident Society to remove doubts as to the construction of the deed of settlement establishing that fund referred to in the Australian Mutual Provident Society's Officers' Provident Fund Trustees Act, 1890, and to confirm the provisions of the said deed of settlement. [12th December, 1912.]

HEREAS by the Australian Mutual Provident Society's

Officers' Provident Fund Trustees Act of 1890, after reciting amongst other things that a fund intituled the ' Officers' Provident Fund " (thereinafter and hereinafter called "the said fund"') was, in the year one thousand cight hundred and eighty nine, established in Sydney by the Australian Mutual Provident Society (thercinafter and hereinafter called "the said society '') and by the officers for the time being of the said society for the purpose of providing superannuation allowances, gratuities, and payments for the officers of the said . socicty: And that by decd of settlement of the said fund, bearing date the seventh day of May, one thousand eight hundred and eighty nine, if was provided that the trustees of the said fund should be the chairman for the time being of the board of directors of the said society, another director fur the time being of the said society chosen by the board of directors of the said society, the actuary for the time being of the said society, and the chief clerk for the time being at the head office of the said socic ty: And that it was thereby further provided that the trustees for the time being of the said fund should have the complete management and control of all matters, things, and provisions in connection with the said fund, and all the details connected therewith: And that it was expedient that the lands, tenements, hereditaments, securities, and property in or upon the security of which the moneys belonging to or forming part of the said fund had been or might thereafter be from time to time invested, should be vested by operation of law in the trustees for the time being of the said fund without requiring the same to be assigned, transferred, or conveyed to the new trustee or trustees on every change of trustees: And that those objects could not be effected without the aid and authority of the Legislature, it was thereby enacted that the property in or upon the security of which the moneys