Advice from Finlayson & Co

The legal advisers to the Fund, Finlayson & Co, provided an opinion in a letter dated 26 November 1962 confirming that the restriction imposed by the Power of Amendment prevented the Regulations of the Fund from being amended by a Deed of Variation to allow employees of the new company that had acquired Elders Smith & Co to become members of the fund.

This advice lead to the Elder Smith & Co Limited Provident Funds Act 1963 (SA).

  Finlaysons 1962 p1 Finlayson p2