(1) There is to be paid out of the Liability Management Fund the money
required or permitted to be paid out of the Fund by or under this or any other
Act.
(a) to pay
employer contributions to the STC Fund on behalf of agencies, in order to meet
accruing or accrued superannuation liabilities of the STC Fund,
(a) an actuary of the STC Fund has given to the
Treasurer a report on the amount of the net liabilities of the STC Fund as at
30 June immediately preceding the date of the proposed repayment, and
(b) the
amount of money to be paid out is not greater than the amount (if any) in the
Liability Management Fund that is in excess of the net liabilities of the
STC Fund as at that 30 June.
(6) In this section,
"employer contributions" means the amount that the Treasurer, on actuarial
advice, determines to be the Crown Entity's liability, for the period to which
the payment relates, to contribute towards the provision of superannuation
benefits payable under an Act under which an STC scheme is established or
constituted.