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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 2 July 1996 - onwards

28. Amendment of section 64 of Principal Act.

Section 64 of the Principal Act is hereby amended by -

(a) the substitution for subsections (1) and (2) of the following subsections:

"(1) Where in relation to a scheme, there are no trustees or the trustees cannot be found, the Board may, if it considers it desirable to do so, by order under its seal -

(a) appoint a new trustee or new trustees of the scheme in substitution, where appropriate, for any existing trustee or trustees; and

(b) vest, subject where necessary to transfer in the books of any bank, corporation or company, the assets of the scheme in the persons appointed trustees of the scheme by the order.

(2) The Board shall, not later than 21 days after the date of an order under this section, publish a notice in a daily newspaper published in and circulating throughout the State giving particulars of the order.",

(b) the substitution in paragraph (a) of subsection (4) of "subsection (2)" for "subsection (2)(b)",

(c) the substitution in paragraph (d) of subsection (4) of "subsection (2)" for "subsection (2)(b)",

(d) the insertion in paragraph (d)(ii) of subsection (4) after "from such determination" of "or", and