Re-establishment of separate funds and subsequent amalgamation

In force

(1)

STC may re-establish any of the STC funds as separate funds. On the re-establishment of the funds, section 81 (2) ceases to operate in relation to the funds, but without prejudice to the previous operation of that subsection.

(2)

STC may amalgamate into one fund any 2 or more STC funds separated under this section. Section 81 (2) and (3) apply to any such amalgamated fund.

This Act’s bill:Explanatory memorandum Second reading speech

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82 Re-establishment of separate funds and subsequent amalgamation