Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1991 No. 130, 1991 - SECT 50

50. (1) Section 139A of the Principal Act is amended:
(a) by omitting from subsection (1A) "Minister" and substituting "Board";

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

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

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

"(1D) In considering whether to give a direction under subsection (1A), the
Board must have regard to any such principles that are in force.".

(2) A direction given by the Minister under subsection 139A (1A) 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.