New Act by the Parliament of South Australia Required

To allow the Trust Estate of the trust declared on the 23 December 1913 in the State of South Australia to be transferred to another Trust Estate of a trust administered by a subsidiary of the National Australia Bank will require an enactment of the Parliament of South Australia to amend Regulation 52 to all the Trust Estate to be transferred.

The fund was originally know as The Provident and Guarantee Fund and was later known as the Elders IXL Superannuation Fund and is now known as the AusBev Superannuation Fund.

A precedent has been set by the Elder Smith and Co Limited Provident Funds Act 1963 (SA) and the Elder’s Trustee and Executor Company Provident Funds Act 1971 (SA).

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