353Specification of money to be transferred

353 Specification of money to be transferred (1) While the old fund is continued under section 352, the Governor in Council, on the recommendation of the Minister and Treasurer, by Order published in the Government Gazette, may specify— (a) an amount of money standing to the credit of the old fund that is to be transferred to the general fund; and (b) the day on which the amount of money specified under paragraph (a) is to be transferred (the ***specified day***). (2) The amount of money specified under an Order under subsection (1) may be— (a) an amount specified in the Order; or (b) an amount that can be determined— (i) through the application of a formula or methodology specified in the Order; or (ii) by reference to the basis on which it was paid or is payable into the old fund. S. 354 inserted by No. 35/2014 s. 41.