Commonwealth Consolidated Acts

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SUPERANNUATION ACT 1976 - SECT 171

Transfer of certain assets and liabilities

    Upon the commencement of this Act:

  (a)   the uninvested moneys of the existing Fund become, by force of this section, moneys of the new Fund;

  (b)   the investment assets of the existing Fund become, by force of this section, assets of the new Fund and shall be deemed to be moneys of the new Fund invested by the Trust under section   42; and

  (c)   the investment liabilities of the former Board become, by force of this section, liabilities of the Trust.


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