123Operation of the TASS Fund

123 Operation of the TASS Fund

(1)  On and from the day on which the TASS Trust Deed is terminated under section 35 of the Act, the Commission must continue to maintain the TASS Fund.

(2)  The TASS Fund consists of the accounts and reserves that the Commission considers to be necessary or convenient for the administration of the TASS Scheme.

(3)  The Commission may cause to be met from the TASS Fund –

(a) the administration costs and management charges, in relation to the TASS Scheme, that are determined by the Commission to arise from the performance and exercise of the Commission’s functions and powers under these regulations in relation to the administration and management of the TASS Scheme; and

(b) benefits payable under these regulations in relation to the TASS Scheme; and

(c) expenses associated with the investment of money standing to the credit of the TASS Fund; and

(d) amounts in payment of any tax, duty, impost or surcharge liability imposed, under a law of the Commonwealth or the State, on the TASS Fund or in respect of any benefits payable by the Commission from the TASS Fund.

(4)  The Commission must not make any payments from the TASS Fund to the Commission or the Ambulance Service except for –

(a) expenses incurred in the administration of the TASS Scheme; or

(b) a refund of overpaid contributions; or

(c) payments that are permitted by the SIS Act.