“133 Transfer of assets from Fund to app“133 Transfer of assets from Fund to approved superannuation schemes

“133 Transfer of assets from Fund to approved superannuation schemes

“(1) There is transferred in accordance with subsection (2) to the person or body administering an approved superannuation scheme:

(a) assets of the Fund (including investment assets of the Fund) determined by the Minister, with the consent of CSC, to be assets that fairly and equitably represent the accumulated contributions of persons referred to in section 132 to whom section 126A applies by reason of their becoming members of that superannuation scheme; and

(b) liabilities (if any) (including investment liabilities of the Fund) determined by the Minister, with the consent of CSC, to be liabilities relating to those assets.

“(2) For the purposes of subsection (1), the transfer of assets, and of liabilities (if any) relating to those assets, takes effect:

(a) at such times; and

(b) in respect of such assets;

as the Minister, with the consent of CSC, determines.

“(3) CSC must do all things necessary, as manager of the assets of the Fund, to give effect to a determination of the Minister under subsection (2).

“(4) A determination of the Minister for the purposes of paragraph (1) (a) or (b) or subsection (2) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.