Workers Compensation Act 1958

On and from the appointed day, the previous Fund shall for all purposes become and be part of the Fund.

For the purposes of subsection (1)—

all moneys standing to the credit of the previous Fund immediately before the appointed day shall be transferred to and stand to the credit of the Fund; and

any securities in which moneys standing to the credit of the previous Fund were invested before the appointed day shall be vested in the Commission and those investments shall be deemed to have been made by the Commission pursuant to the Accident Compensation Act 1985.

The Commission and the Treasurer shall do and are hereby empowered to do all such acts and things as are necessary for the purposes of this section.

No right interest or claim in or with respect to the previous Fund shall abate or be in any way prejudicially affected by reason of this section.

All other acts matters or things of a continuing nature made done or commenced by or on behalf of or in relation to the Treasurer with respect to the previous Fund and immediately before the appointed day of any force or effect or capable of acquiring any force or effect by virtue of this Act as in force before the appointed day shall be deemed and taken to have been made done or commenced by or on behalf of or in relation to the Commission.

Any reference to the previous Fund or to the Treasurer with respect to the previous Fund in any Act regulation notice demand order legal or other proceeding contract lease mortgage agreement instrument document or any writing of any kind whatsoever shall, so far as relates to any period after the appointed day and if not inconsistent with the context or subject-matter, be deemed and taken to refer to the Fund and the Commission respectively.