Completion of change of trusteeship
58 Completion of change of trusteeship
(1) The old board, Trustee Board and Commissioner must take all practicable steps to:
(a) ensure that the effect sought to be achieved by sections 56 and 57 is achieved; and
otherwise give effect to the object of this Division.
Without limiting subsection (1):
(a) the Commissioner must give to each registrar all the information the registrar needs in order to record and register the documents necessary to show the effect of section 56; and
(b) the old board, Trustee Board and Commissioner must make arrangements for the delivery to the Trustee Board of all the old board's documents and other records relating to the Fund or Scheme.
In this section:
registrar means a person authorised or required by a law of any jurisdiction to record and give effect to the registration of documents relating to transactions affecting a transferred asset or liability.
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