Provident Account definition

Provident Account means the Provident Account established by Part VA of the S and FB Act;
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Examples of Provident Account in a sentence

  • No payment whatever shall be required from or be payable by the State in respect of subscribers to the Provident Account under the provisions of Division 2.

  • Contributor under this Division not entitled to other benefits A contributor to the Provident Account under this Division shall not be entitled to any payment or benefit under this Act, other than as provided in this Part, in respect of moneys credited to the Provident Account.

  • An employee who makes an application under subsection (4) shall cease to make contributions to the Provident Account.

  • Female subscribers to Provident Account (1) Unless she makes an application under subsection (5) or becomes a member of the Gold State Super Scheme under the State Superannuation Act 2000 a female employee who is a subscriber to the Provident Account under this section at the commencement of the 1987 Act shall continue to contribute to the Provident Account while she continues to be an employee.

  • A subscriber to the Provident Account may, at any time, by making application to the Board, withdraw from that Account the whole of the moneys standing to her credit in that Account together with compound interest thereon at the rate per centum per annum fixed by the Board from time to time.

  • For the purpose of determining the sum payable under the provisions of section 83E or section 83F, the amount of contributions referred to in those sections shall include, and on and from the coming into operation of the Superannuation and Family Benefits Act Amendment Act 1961 1, be deemed to have included, the subscriptions that prior to that date the contributor subscribed to the Provident Account in accordance with the requirements of the terms of his employment.

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  • Payments by the State to the credit of the Provident Account shall be made whenever and as often as benefits become payable to a contributor under the provisions of Division 3.

  • A contributor to the Provident Account under this Division may, by making application to the Board, withdraw from moneys standing to the credit of that Account an amount equal to the amount of the contributions credited by that contributor to that Account under this Division together with compound interest on those contributions at the rate per centum per annum fixed by the Board from time to time.

  • Any employee referred to in section 32(1)(b) who is ineligible to become a contributor for units of pension under this Act by reason only of suffering from a physical or mental defect or condition may, within 6 months after the commencement of the 1987 Act, apply to become a contributor to the Provident Account.

Related to Provident Account

  • Investment Account As defined in Section 3.12(a).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Direct Account : means any Account which is not an ISA Account.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Member Account means the regular account and the variable account.

  • Collection Accounts As defined in Section 3.10(a).