Document ID: chunk:federal_register_of_legislation:C2004A00360:clause:1_18a
Version: federal_register_of_legislation:C2004A00360
Segment Type: clause
Provision Reference: sch 1 cl 18A
Character Range: 20563–21217

18A  Required extent of exercise of Board's transfer powers

 (1) Subject to subsection (2), the Board must exercise its powers under this Division so that, immediately before 1 July 1999, the Board no longer has any assets, liabilities, rights or employees that could have been transferred by the Board under this Division.

 (2) The Board must ensure that, on 1 July 1999, the Board still has the amount of money determined by the Minister under subsection (3).

 (3) Before 1 April 1999, the Minister must make a written determination that specifies an amount for the purposes of subsection (2). The specified amount cannot be more than $6 million.