Document ID: chunk:federal_register_of_legislation:C2004A03971:section:365:p34
Version: federal_register_of_legislation:C2004A03971
Segment Type: section
Provision Reference: s 365 (pt 34/34)
Character Range: 211918–213373

such assets of the Fund (including investment assets of the Fund) as are determined by the Minister to be assets that fairly and equitably represent the accumulated contributions and accumulated employer contributions of those persons who have ceased to be eligible employees under section 245; and

    (b) such liabilities (if any) (including investment liabilities of the Fund) as are determined by the Minister to be liabilities relating to those assets.

"(2) A determination of the Minister for the purposes of paragraph (1) (a) or (b) is a disallowable instrument.

Advances in respect of assets to be transferred

"249. The Trust may, at such times, and in such amounts, as are agreed between the Trust and Board No. 1, make to Board No. 1 advances in respect of the assets that are to be transferred to Board No. 1 under section 248.

Exemption from tax etc.

"250. No tax or charge is payable under any law of the Commonwealth (other than the Income Tax Assessment Act 1936) or any law of a State or of a Territory in respect of a transfer of assets or liabilities under section 248.".

New Schedule

93. The Principal Act is amended by adding at the end the following Schedule:

"SCHEDULE 11 Section 136

DEFERRED BENEFITS

TABLE 1 Subsection 136 (2)

FACTORS APPLICABLE WHERE BENEFITS PAYABLE IN ACCORDANCE WITH
SECTION 56, 57, 60 OR 61
Column 1                                     Column 2
Age on day on which benefits become payable  Factor