18Existing investment management and custodial arrangements and other arrangements

18 Existing investment management and custodial arrangements and other arrangements

18 Existing investment management and custodial arrangements and other arrangements

(1) An existing arrangement continues in force.

(2) Any such existing arrangement may be varied or terminated in accordance with the terms of the arrangement or any other Act or law.

(3) In this clause—

existing arrangement means—

(a) a contract or an arrangement entered into by FTC under section 12 of the Superannuation Administration Act 1996 and in force immediately before the commencement of clause 12 of Schedule 2A to that Act, or

(b) a contract or an arrangement entered into by FTC under section 15, 16 or 20 of that Act and in force immediately before the repeal of those provisions by the amending Act.