4Deed to establish Superannuation Scheme etc.

4 Deed to establish Superannuation Scheme etc.

(1) Not later than 30 days after the commencement of this Act, the Minister must, for and on behalf of the Commonwealth, by deed: (a) establish an occupational superannuation scheme for the benefit of persons who, on and after the commencement of Part 3, will be, under that Part, members of the scheme; and (b) establish, and vest in the Board, a fund for the purposes of the superannuation scheme; and (c) set out the functions and powers of the Board. (2) The deed must be in the form set out in the Schedule.