Western Australian Consolidated Acts

STATE SUPERANNUATION ACT 2000 - SECT 72

72 .         Power to remedy insufficiency

        (1)         If the Treasurer is satisfied that the assets assigned by operation of this Part to TrustCo as trustee of GESB Superannuation were not, at the time they were assigned, sufficient or appropriate to enable TrustCo to meet its obligations as trustee of GESB Superannuation, the Treasurer may take any action the Treasurer considers appropriate to remedy the insufficiency or inappropriateness.

        (2)         Without limiting the action that may be taken under subsection (1), the Treasurer may direct the Board, under section 71, to —

            (a)         transfer assets in the statutory fund to TrustCo; or

            (b)         pay an amount from the statutory fund to a person.

        (3)         This section expires when section 54 expires.

        [Section 72 inserted by No. 25 of 2007 s. 16.]