Water Act 1945

Power to pay superannuation and other allowance, and c, and to assist research.

78 (1) Where the undertakers are a company, they may

(a) grant gratuities, pensions or superannuation allowances to, or to the widows, families or dependants of, their employees;

(b) establish contributory superannuation schemes, and establish and contribute to superannuation funds for the benefit of their employees;

(c) enter into and carry into effect agreements with any insurance company or other association or company for securing to any such employee, widow, family or dependant such gratuities, pensions or allowances as are by this section authorised to be granted;

(d) give donations or subscriptions to charitable institutions, sick funds, benevolent funds and other objects calculated to benefit their employees;

(e) subscribe to the funds of any association formed for the purpose of furthering the interests of water undertakers;

(f) make contributions for furthering research in matters with which water undertakers and their officers are concerned.

(2) No employee of the undertakers shall be required to become a contributor to any superannuation fund established under this section until the fund has been registered under the Superannuation and other [17 & 18 Geo. 5. c. 41.] Trust Funds (Validation) Act, 1927.