Commonwealth Numbered Acts

PAPUA NEW GUINEA (STAFFING ASSISTANCE) ACT 1973 No. 70, 1973 - SECT 35

35. (1) Where, in relation to a financial year, the amount ascertained in
accordance with the formula-

1.015a is less than the amount ascertained in accordance with the formula-

.015 (b + c) the Commonwealth shall pay to the Superannuation Fund an amount
equal to the difference between those amounts.

(2) For the purpose of making calculations, in relation to a financial year,
in accordance with the formulae contained in sub-section (1)-

a means the total amount of interest, dividends and rents credited to the Fund
during that financial year, together with any profit derived from the
realization or appreciation of assets, less the amount of any interest charges
and the amount of any depreciation or loss on realization of assets;

b means the amount of the Fund at the beginning of that financial year; and

c means the amount of the Fund at the end of that financial year.

(3) If an investigation made under section 45 discloses a surplus of assets
over liabilities of the Fund, the amount of the surplus shall be set off
against the amount or amounts otherwise payable by the Commonwealth to the
Fund under sub-section (1).