8Operation of Fund

8 Operation of Fund

(1)  There is to be paid into the Fund –

(a) all contributions, roll-over superannuation benefits, directed termination payments or other money authorised to be paid into the Fund by persons entitled to benefits under these regulations or as otherwise required by law; and

(b) all payments required by or under these regulations, or as otherwise required by law, to be made to the Fund by the Minister; and

(c) all income derived from the investments made under regulation 9 but without taking into account unrealised capital gains or losses; and

(d) all money required or authorised by these regulations, or as otherwise required by law, to be paid by any person to the Commission; and

(e) all money, investments and assets that are transferred to, and vested in, the Commission by the Act.

(2)  The management and control of the Fund are vested in the Commission.

(3)  All money that is payable into the Fund is to be paid to the Commission.

(4)  The Commission must pay out of the Fund –

(a) all benefits and other amounts payable under these regulations or as otherwise required by law; and

(b) any taxation, surcharge or other liability, duty or fee imposed on the Fund under a law of the Commonwealth or the State.