Section 61Part 9 — Termination and Winding Up
Appointment of administrator to wind up
←→ Navigate · Click subsection badges to collapse · Press ? for help
If a pension plan that is to be wound up in whole or in part does not have an administrator or the administrator fails to act, the Director may act as or may appoint an administrator.
The reasonable administration costs of the Director or the administrator appointed by the Director may be paid out of the pension fund.