Parliament of South Australia: Hansard – 1971

Elder’s Trustee and Executor Company Limited Provident Funds Bill – 1971

The Attorney-General: The Hon. L. J. King

Key Points:

The Regulations of the Trustee’s Company Provident Fund do not allow the transfers of moneys from that trust to another trust -specifically Regulation 50.

The establishment of the “Elders-GM Women’s Provident Fund” is confirmed replacing the non-contributory “Women’s Provident Fund”.

“At the present time each member contributes 5 per cent of her salary and each employer company contributes 7.5 per cent”.

An extract from Hansard can be located on the following link:

Elder’s Trustee and Executor Co Limited Provident Funds Bill 1971 – Hansard Extracts