Commonwealth Numbered Acts

SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 178

178. (1) There shall be paid from the new Fund to the Commonwealth an amount
equal to the amount by which the value of the net assets of the existing Fund
exceeds the sum of-

(a) the amount referred to in the definition of ''amount available for
distribution'' in sub-section 176 (1) as the ''surplus amount'';

   (b)  the amount defined in sub-section 177 (1) as the amount available for
        allocation as basic contributions; and

   (c)  the amount defined in sub-section 177 (1) as the amount available for
        allocation as supplementary contributions.

(2) The Treasurer may approve the transfer, subject to such conditions (if
any) as he determines, of the excess established under subsection (1) from the
new Fund to the Commonwealth in such manner, in such instalments, and at such
times during the period of 10 years commencing on the commencing day, as he
determines.