Western Australian Consolidated Acts

STATE SUPERANNUATION ACT 2000 - SECT 57

57 .         Treasurer to make transfer order

        (1)         For the purpose of this Part the Treasurer may, by one or more orders published in the Gazette , specify —

            (a)         the assets —

                  (i)         in the statutory fund; or

                  (ii)         of the Board that are not in the statutory fund,

                that are to be assigned by operation of section 58(a) to the person specified in the order; and

            (b)         any liability of the Board —

                  (i)         not arising under a statutory scheme; or

                  (ii)         arising under a statutory scheme but that will not be assigned by operation of section 58(b),

                that is to be assigned by operation of section 58(c) to the person specified in the order; and

            (c)         any proceedings in which the person specified in the order is to be substituted by operation of section 58(d) for the Board as a party to the proceedings; and

            (d)         any agreement or document relating to an asset or liability that is to be assigned by operation of section 58 that, unless otherwise expressly specified in the order, is to be taken to be amended by operation of section 58(e) by substituting for a reference in it to the Board a reference to the person specified in the order.

        (2)         The person specified in a transfer order may be MutualCo or TrustCo or a subsidiary of either of them.

        (3)         A transfer order may specify a thing by describing it as a member of a class of things.

        (4)         A transfer order may specify a thing by reference to a schedule that need not be published in the Gazette but must be —

            (a)         signed by the Treasurer; and

            (b)         available for public inspection.

        (5)         Anything specified in a schedule referred to in a transfer order is taken to be specified in the order.

        (6)         The Treasurer may, by order published in the Gazette , amend a transfer order, or a schedule referred to in a transfer order, to correct —

            (a)         a clerical mistake; or

            (b)         an accidental slip or omission; or

            (c)         the misdescription of a person or thing.

        (7)         A transfer order, or an order under subsection (6), can only be made before the transfer time.

        [Section 57 inserted by No. 25 of 2007 s. 16.]