Document ID: chunk:federal_register_of_legislation:C2024C00866:section:202:p2
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 202 (pt 2/2)
Character Range: 1878153–1879388

that pension, veteran payment or allowance, any of its powers under subsection (1).
 (5) Where a person appointed to be a trustee under this section:
 (a) dies; or
 (b) resigns his or her office by instrument in writing delivered to the Commission;
the Commission may, within 3 months after the death or receipt of the instrument, as the case may be, exercise any of its powers under subsection (1) in relation to the pension, veteran payment or allowance concerned.
 (6) Where the Commission exercises its powers under subsection (1) by appointing a person to be the trustee, or itself assuming the office of trustee, of instalments of a pension, veteran payment or allowance in the circumstances referred to in subsection (4) or (5), the trust funds related to instalments of that pension, veteran payment or allowance held by the previous trustee shall, by force of this subsection, become vested in the new trustee.
 (7) Where the Commission does not, in the circumstances referred to in subsection (4) or (5), exercise its powers under subsection (1) in relation to a pension, veteran payment or allowance, the trust related to the instalments of that pension, veteran payment or allowance shall be deemed to have been terminated.