Education Endowment and Savings Schemes Act 1992 · 2020 Revised Edition · Part 3 · Withdrawal from Edusave Pupils Fund
18. Moneys payable on death of member of Edusave Pupils Fund
Feedback & supportLast amended by an amending law of 2014. 2 amendments in all.
Where a member of the Edusave Pupils Fund dies, the total amount standing to the member’s credit in his or her Edusave account must be paid to the Public Trustee for disposal in accordance with —
Edusave Pupils Fund
“Edusave Pupils Fund” means the Edusave Pupils Fund established under section 7(1);
the Intestate Succession Act 1967, if the member was not a Muslim at the time of death; or
section 112 of the Administration of Muslim Law Act 1966, if the member was a Muslim at the time of death.
The receipt of the Public Trustee is a good discharge to the Edusave Scheme Administrator for those portions of the moneys payable out of the Edusave account on the death of a member of the Edusave Pupils Fund that are payable to the Public Trustee under subsection (1).
Edusave Scheme Administrator
“Edusave Scheme Administrator” means the public officer appointed under section 7(2) by the Minister to administer the Edusave Pupils Fund on the Minister’s behalf;
All moneys paid out of the Edusave account on the death of any member of the Edusave Pupils Fund are deemed to be impressed with a trust in favour of the person or persons determined by the Public Trustee in accordance with subsection (1) to be entitled to the moneys but are, without affecting the Estate Duty Act 1929, deemed not to form part of the deceased member’s estate or to be subject to the member’s debts.[16
Edusave account
“Edusave account” means an Edusave account maintained under section 7(3);