Temporary Holding Fund for Superannuation Liabilities Act, 1999

Temporary Holding Fund for Superannuation Liabilities Act, 1999 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1999 Temporary Holding Fund for Superannuation Liabilities Act, 1999 Temporary Holding Fund for Superannuation Liabilities Act, 1999 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Open PDFOscail PDF Print Full ActPriontáil an tAcht Iomlán Number 33 of 1999 TEMPORARY HOLDING FUND FOR SUPERANNUATION LIABILITIES ACT, 1999 ARRANGEMENT OF SECTIONS Section 1. Temporary Holding Fund for Superannuation Liabilities. 2. Amendment of First Schedule to National Treasury Management Agency Act, 1990. 3. Short title. Acts Referred to Finance Act, 1999 1999, No. 2 National Treasury Management Agency Act, 1990 1990, No. 18 Number 33 of 1999 TEMPORARY HOLDING FUND FOR SUPERANNUATION LIABILITIES ACT, 1999 AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF A FUND TO BE KNOWN AS THE TEMPORARY HOLDING FUND FOR SUPERANNUATION LIABILITIES AND TO PROVIDE FOR RELATED MATTERS. [16th December, 1999] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Temporary Holding Fund for Superannuation Liabilities. 1.—(1) There shall stand established, on the passing of this Act, a fund which shall be known as the Temporary Holding Fund for Superannuation Liabilities, and is in this Act referred to as “the Fund”, into which moneys, paid into the Exchequer, are to be paid under this section, for the purpose of providing towards the cost of future social welfare and public service pension payments and such other pension liabilities of the Exchequer, as the Minister considers necessary. (2) The Fund shall be managed and controlled by the Minister. (3) The Minister shall pay into the Fund, in the financial year 1999, out of the Central Fund or the growing produce thereof, a sum not exceeding £4,300,000,000. (4) Moneys in the Fund shall be placed in deposit accounts in any financial institution or invested in short-term financial products, such as certificates of deposit or commercial paper, issued by any person, carrying on business in or outside the State and any income received in respect of moneys placed or invested under this subsection shall be paid into the Fund or placed or invested under this subsection. (5) Moneys shall not be paid out of the Fund other than in accordance with an Act of the Oireachtas which provides for such payment. (6) Accounts of the Fund shall be prepared by the Minister. (7) Any accounts referred to in subsection (6) shall be prepared in such form, in such manner and at such times, being not later than 30 April after the end of the financial year to which they relate, as the Minister may determine and be subject to audit by the Comptroller and Auditor General. (8) A copy of an abstract of the accounts of the Fund so audited together with a copy of the report thereon of the Comptroller and Auditor General shall be laid by the Minister before each House of the Oireachtas. (9) In this section “the Minister” means the Minister for Finance. Amendment of First Schedule to National Treasury Management Agency Act, 1990. 2.—The First Schedule to the National Treasury Management Agency Act, 1990 , is hereby amended by the substitution for the matter inserted by section 213 (6)(b) of the Finance Act, 1999 , of the following: “(n) section 213 of the Finance Act, 1999 , (o) subsection (2), (4) and (6) of section 1 of the Temporary Holding Fund for Superannuation Liabilities Act, 1999.”. Short title. 3.—This Act may be cited as the Temporary Holding Fund for Superannuation Liabilities Act, 1999. 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