Section 3: Establishment of the National Provident Fund.

(1)
There is hereby established a Fund to be called the National Provident Fund into which shall be paid all contributions and other moneys required or prescribed by this Act.
(2)
There may from time to time be paid out of the Fund such benefits and other payments as are directed to be paid under this Act.
(3)
Every payment approved by the Minister of Finance and Economic Development in that behalf made before the first appointed day shall, where it relates to expenditure otherwise than upon assets for the purposes of this Act and is otherwise valid, be deemed to have been lawfully made out of the Consolidated Revenue Fund, and shall not be recoverable under this Act.