Unsuccessful stance abandoned

A significant aspect of last week’s Privy Council ruling regarding the National Superannuation Act is that government had unsuccessfully argued in the High Court and Court of Appeal that the fund should be regarded as the proceeds of tax, and that therefore the monies were public funds.

A significant aspect of last week’s Privy Council ruling regarding the National Superannuation Act is that government had unsuccessfully argued in the High Court and Court of Appeal that the fund should be regarded as the proceeds of tax, and that therefore the monies were public funds.