CTHRepealedAct
Stevedoring Industry Finance Committee Act 1977
32Expiry of Act
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#### 32 Expiry of Act
(1) If the Committee is satisfied that all its obligations and liabilities have been discharged:
(a) it must tell the Minister in writing that it is so satisfied; and
(b) if it holds any surplus funds, it must:
(i) prepare a scheme for distributing the funds in an equitable manner to such persons as it thinks appropriate; and
(ii) give details of the scheme to the Minister.
(2) If the Minister approves a scheme prepared under paragraph (1)(b), the Committee must, as soon as practicable, distribute the surplus funds in accordance with the scheme.
(3) If:
(a) the Minister, by signed writing, certifies that:
(i) all the obligations and liabilities of the Committee have been discharged; and
(ii) the Committee does not hold any surplus funds or that all surplus funds held by the Committee have been distributed in a manner approved by the Minister; and
(b) a copy of the certificate is published in the Gazette;
this Act thereupon ceases to have effect.