Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_241
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 241
Character Range: 757459–758576

241  Payments from Consolidated Revenue Fund
 (1) There must be paid to the person or body administering an approved superannuation scheme, at such times as the Minister, by legislative instrument, determines, such amounts (if any) as are determined, by legislative instrument, by the Minister having regard to:
 (a) the amount of the payments (if any) made under section 159 by the authority or body that established the scheme in respect of the persons referred to in paragraph 240(a); and
 (b) the amount of the accumulated basic contributions of those persons; and
 (c) the method of calculating transfer values under Division 3 of Part IX; and
 (d) any relevant actuarial advice obtained by the Minister; and
 (e) any other matters that the Minister considers relevant.
 (2) Payments under subsection (1) are to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.
 (3) Despite anything in regulations made for the purposes of paragraph 44(2)(b) of the Legislation Act 2003, section 42 (disallowance) of that Act applies to a determination made under subsection (1) of this section.