12Dissolution of Tribunal

#### 12 Dissolution of Tribunal 12 Dissolution of Tribunal > > (1) The Tribunal is dissolved on the commencement of this Part. > > > (2) On the dissolution of the Tribunal, the following provisions have effect— > > > > > (a) by virtue of this clause and without the need for any conveyance, transfer, assignment or assurance, the assets vested in the Tribunal vest in the Corporate Trustee as trustee for— > > > > > > > (i) those mine workers and dormant workers who are or may become entitled to receive benefits under the COALSUPER Rules, and > > > > > > > (ii) the dependants of mine workers and dormant members who are or may become entitled to receive benefits under those Rules, and > > > > > > > (iii) those persons who, immediately before the dissolution of the Tribunal, were receiving or entitled to receive pensions under this Act, > > > > > (b) the rights and liabilities of the Tribunal become, by virtue of this clause, the rights and liabilities of the Corporate Trustee, > > > > > (c) all proceedings pending before, by or against the Tribunal are taken to be proceedings pending before, by or against the Corporate Trustee, > > > > > (d) any act, matter or thing done or omitted to be done in relation to the Tribunal is (to the extent that that act, matter or thing has any force or effect) taken to have been done or omitted to be done by, to or in respect of the Corporate Trustee. > > > (3) Subject to this Act— > > > > > (a) mine workers and dormant members, and > > > > > (b) the dependants of mine workers and dormant members, and > > > > > (c) persons who were, immediately before the dissolution of the Tribunal, receiving or entitled to receive pensions under this Act, > > > > have the same rights and obligations in relation to the Amalgamated Fund after that Fund has become vested in the Corporate Trustee as they had before that dissolution. > > > (4) Subject to this Act, an owner has the same obligations and liabilities in relation to the COALSUPER Retirement Income Fund after it has become vested in the Corporate Trustee as the owner had before the dissolution of the Tribunal. > > > (5) The operation of this clause is subject to such modifications as may, from time to time, be made by regulations made under clause 2 of this Schedule.