Document ID: chunk:federal_register_of_legislation:C2004A01500:body:0:p4
Version: federal_register_of_legislation:C2004A01500
Segment Type: other
Provision Reference: 
Character Range: 7525–10386

18. Section 59 of the Principal Act is repealed.

No assignment of benefits.
19. Section 60 of the Principal Act is amended—
(a) by inserting after the word "moneys" the words "paid or"; and
(b) by inserting after the words "Benefits Fund" the words "or by the Commonwealth".

Attachment of benefits.
20. Section 61 of the Principal Act is amended—
    (a) by omitting from sub-section (1) the words "Superannuation Board" and substituting the word "Commissioner";
    (b)by omitting from sub-sections (2), (4), (6), (7) and (8) the word "Board" (wherever occurring) and substituting the word "Commissioner"; and
    (c) by omitting from sub-section (4) the word "its" and substitut­ing the word "his".

Repeal of ss. 62 and 63.
21. Sections 62 and 63 of the Principal Act are repealed.

Delegations.
22. Section 64 of the Principal Act is amended—
    (a) by inserting in sub-section (1), after the word "Minister", the words "or the Commissioner"; and
    (b) by adding at the end of sub-sections (2) and (3) the words "or by the Commissioner, as the case may be".

PART III—TRANSITIONAL PROVISIONS

Interpretation.
23. (1) In this Part unless the contrary intention appears—
    "assets" means property of every kind and, without limiting the gen­erality of the foregoing, includes—
(a) choses in action; and
        (b) rights, interests and claims of every kind in or to property whether arising under or by virtue of the Principal Act or any instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing; "authorized person" means a person authorized in writing by the Treasurer for the purposes of section 28;
    "commencing date" means the date of commencement of the pro­vision in which the expression appears;
    "instrument to which this Part applies" means an instrument—
(a) to which a Board is a party;
(b) which was given to or in favour of a Board;
(c) in which a reference is made to a Board; or
        (d) under which any money is or may become payable, or any other property is to be, or may become liable to be, transferred, conveyed or assigned to or by a Board,

being an instrument subsisting immediately before the com­mencing date;

    "liabilities" means liabilities of every kind and, without limiting the generality of the foregoing, includes obligations of every kind, whether arising under or by virtue of the Principal Act or any instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing;
    "Superannuation Regulations" means the Papua New Guinea (Staffing Assistance) (Superannuation) Regulations;
    "Termination of Employment Regulations" means the Papua New Guinea (Staffing Assistance) (Termination of Employment) Regulations.
(2) For the purposes of this Part, it is hereby declared that—
(a) an asset held by a Board on