Document ID: chunk:federal_register_of_legislation:C2024C00635:section:35
Version: federal_register_of_legislation:C2024C00635
Segment Type: section
Provision Reference: s 35
Character Range: 29299–30243

35  Transfer of previous Fund to Corporation
 (1) Upon the commencement of this section, the amount in the Trust Fund standing to the credit of the previous Fund is payable to the Corporation, and the Finance Minister must arrange for the payment to be made as soon as practicable after that commencement.
 (2) Upon the making of the payment, the States Grants (Coal Mining Industry Long Service Leave) Act 1949 is, by force of this subsection, repealed.
 (3) The Minister must cause notice of the repeal to be published in the Gazette.
 (4) Any assets in which money that formed part of the previous Fund is invested at the commencement of this section vest in the Corporation by force of this subsection and form part of the Fund.
 (5) Without limiting the generality of subsection (4), any money that, if the previous Fund continued in existence, would be, or would become, payable to the previous Fund is, or becomes, payable to the Fund.