118Administration

118 Administration (2) The Principal Act as amended by subsection (1) applies in respect of payments of compensation to which section 34 of the Principal Act applies which are paid after the commencement of subsection (1). (3) Subject to subsection (4), payments of compensation to which section 34 of the Principal Act applies which have been paid to the Authority in accordance with the Principal Act as in force before the commencement of subsection (1) are to continue to be administered by the Authority in accordance with the Principal Act as in force before that commencement. (4) On the appointed day— (a) the administration of payments of compensation to which subsection (3) applies is transferred to the State Trust Corporation of Victoria; and (b) the Authority must transfer to the State Trust Corporation of Victoria such assets (including any money) as the Authority determines to be equivalent in value to the value of payments of compensation administered by the Authority. [↑](#endnote-ref-7) 7. Pt 2 Divs 2–5: Pt 2 Div. 2 (Heading) repealed by No. 10191 s. 263. Pt 2 Div. 2 (ss 46–49) amended by Nos 8181 s. 2(1)(Sch. item 195), 8733 s. 15(a)(b), 9297 s. 11(a)–(d)(i)–(iii), 10100 s. 10, repealed by No. 10191 s. 263. Pt 2 Div. 3 (Heading) repealed by No. 10191 s. 263. Pt 2 Div. 3 (ss 50–52) amended by No. 9297 s. 8, repealed by No. 10191 s. 263. Pt 2 Div. 4 (Heading) repealed by No. 10191 s. 263. Pt 2 Div. 4 (ss 53–57) amended by Nos 7876 s. 2(3), 8733 ss 16, 17, 18(a)–(c), 9549 s. 2(1)(Sch. item 257), repealed by No. 10191 s. 263. Pt 2 Div. 5 (Heading) repealed by No. 10191 s. 263. Pt 2 Div. 5 (s. 58) amended by No. 8733 s. 19, repealed by No. 10191 s. 263. [↑](#endnote-ref-8) 8. S. 61: See note 5. [↑](#endnote-ref-9) 9. S. 67: Section 120(2) of the **Accident Compensation (Amendment) Act 1994**, No. 50/1994 reads as follows: