Section 53

The approved fund of a statutory or local authority under the new scheme shall be wound up on such date as the Minister may, by notification in the Gazette, appoint in each particular case, and all assets and liabilities of the approved fund shall be transferred to the

Fund and dealt with under this Act:

Provided that where there is a pension scheme of a statutory or local authority within the meaning of “approved fund” under section 2 of this Act then the winding up of such scheme shall be dealt with under section 30 of the Statutory and Local Authorities Superannuation Fund

Act 1977 [Act 185] notwithstanding section 52.

PART VA

TRANSFER OF CREDIT IN ACCORDANCE WITH THE DIVISION OF

MATRIMONIAL ASSETS ORDER

Transfer of credit of a member of the Fund in accordance with the division of matrimonial assets order