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Financial Markets Authority Act 2011

Miscellaneous provisions - Transitional provisions - Disestablishment of office of Government Actuary

80: Office of Government Actuary continues for limited purpose until 30 September 2011

You could also call this:

"The Government Actuary's office keeps working until 30 September 2011 for a special job."

Illustration for Financial Markets Authority Act 2011

You will find that the office of the Government Actuary keeps working until 30 September 2011. This is for a limited purpose, which is to do things related to the Government Superannuation Fund. The Government Actuary will follow the rules of certain laws, such as the Government Superannuation Fund Act 1956, as they were before they were changed by section 82 of this Act. You need to know that until 30 September 2011, some parts of this Act do not apply. These are sections 78 and 79. The laws mentioned earlier, such as the Government Superannuation Fund Amendment Act 1969 and the Government Superannuation Fund (Ceasing Contributions) Regulations 1995, will still be used as if they had not been changed by section 82 of this Act. The office of the Government Actuary will also follow the Government Superannuation Fund Regulations 1995 until 30 September 2011. This means the Government Actuary can keep doing their job for the Government Superannuation Fund. The rules they follow will be the same as they were before some changes were made.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3565228.

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Part 4Miscellaneous provisions
Transitional provisions: Disestablishment of office of Government Actuary

80Office of Government Actuary continues for limited purpose until 30 September 2011

  1. Despite section 77, the office of the Government Actuary continues until the close of 30 September 2011 for the purpose of the Government Actuary performing any function or duty, or exercising any power, in relation to the Government Superannuation Fund under any of the following enactments as in force immediately before their amendment by section 82 of this Act:

  2. Government Superannuation Fund Act 1956:
    1. Government Superannuation Fund Amendment Act 1969:
      1. Government Superannuation Fund (Ceasing Contributions) Regulations 1995:
        1. Government Superannuation Fund Regulations 1995.

          1. To the extent required by subsection (1), until the close of 30 September 2011,—

          2. sections 78 and 79 do not apply; and
            1. the enactments described in subsection (1) continue to apply as if they had not been amended by section 82 of this Act.