Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1991 No. 130, 1991 - SECT 46

46. (1) Section 133 of the Principal Act is amended:

   (a)  by omitting from subsection (1) "Minister may, by instrument under his
        hand" and substituting "Board may, by instrument";

   (b)  by inserting after subsection (1) the following subsections:

"(1A) The Minister may, by instrument, formulate principles with respect to
the making of declarations by the Board under subsection (1).

"(1B) The Minister must give to the Chairperson of the Board a copy of any
principles formulated under subsection (1A).

"(1C) In considering whether to make a declaration under subsection (1), the
Board must have regard to any such principles that are in force.";

   (c)  by omitting from subsection (2) "the last preceding sub-section" and
        substituting "subsection (1)";

   (d)  by omitting from subsection (3) "Minister" and substituting "Board".

(2) A declaration made by the Minister under subsection 133 (1) of the
Principal Act that was in force immediately before the commencement of this
section is taken, after that commencement, to have been made by the
Commonwealth Superannuation Board of Trustees No. 2 under that subsection of
the Principal Act as amended by this Act.