Supports for Survivors of Residential Institutional Abuse Act 2025
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Closure of investment account and cessation of certain functions | ||
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16. (1) The Minister shall, not later than 30 days after the laying of accounts by him or her under section 15 (2), request the Agency to close the Caranua investment account and to pay moneys (if any) standing in that account to the Minister and the Agency shall comply with that request. | ||
(2) The Minister shall not perform any functions conferred on the Residential Institutions Statutory Fund Board under section 7 of the Act of 2012 on or after the day the Caranua investment account is closed under subsection (1). | ||
(3) In this section— | ||
“Agency” means the National Treasury Management Agency; | ||
“Caranua investment account” means the account established under section 29(3) of the Act of 2012. |