89Provision for certain State authorities

89 Provision for certain State authorities

(1)  The Commission must maintain separate accounts for money paid to the Commission under –

(a) section 29D of the Retirement Benefits Act 1982 ; or

(b) section 29E of the Retirement Benefits Act 1982 ; or

(c) if appropriate, a prescribed arrangement.

(2)  The Commission must credit to the separate accounts as may be appropriate –

(a) all such money paid; and

(b) interest at a rate determined in accordance with regulation 92 (which, accordingly, may be either positive or negative interest) in respect of the amounts from time to time standing to the credit of those accounts.

(3)  The Commission may debit the separate accounts with any of the following amounts:

(a) an amount relating to the taxation liability and to the expenses incurred in the administration of the accounts;

(b) an amount authorised by these regulations;

(c) an amount approved by an instrument in writing made by the Minister for the purposes of these regulations.