Not later than 30 days after the commencement of this Act, the Minister must, for and on behalf of the Commonwealth, by deed:
(a) establish an occupational superannuation scheme for the benefit of:
(i) persons employed by the Commonwealth and approved authorities; and
(ii) holders of statutory offices; and
(iii) other persons;
who, on and after the commencement of Part 3, will be, under that Part, members of the scheme; and
(b) establish, and vest in the Board, a fund for the purposes of the Public Sector Superannuation Scheme; and
(c) set out the functions and powers of the Board.