Separate Trusts for Female Staff

The Elder Smith & Co Limited Provident Funds Act 1963 (SA) confirms that the “authorised purpose” of the trust established on the 23 December 1913 is to provide “pensions and benefits” to certain “male officers, their wives widows and dependants”.

This enactment confirms that under the terms of the trust it is prohibited to pay benefits to female staff from the Trust Estate of the associated fund.

This enactment confirms that a separate trust, known as the “Women’s Provident Fund”, was established to provide pension benefits to female staff.

This fund for female staff was closed to new members in 1963 and a new trust established in 1963 as confirmed by the Elder’s Trustee and Executor Company Limited Provident Funds Act 1971(SA).

The new fund for female staff was called the “Elders-GM Women’s Provident Fund“.

A transcript of the Elder Smith & Co Limited Provident Funds Act 1963 (SA)can be found here.

A transcript of the Elder’s Trustee and Executor Company Limited Provident Funds Act 1971(SA)can be found here.

There is no evidence to confirm that the second trust established to provide pension benefits to female staff has been wound-up or the provisions in the Trust Deed made on 1963 revoked.


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