Document ID: chunk:federal_register_of_legislation:C1971A00046:body:0:p33
Version: federal_register_of_legislation:C1971A00046
Segment Type: other
Provision Reference: 
Character Range: 75565–78148

any act or thing referred to in paragraph (b) of that sub-section,
the amount of the first-mentioned transfer value shall not be taken into account for the purposes of paragraph (a) of sub-section (2.) of this section.
"(6.) Where—
     (a) a transfer value became payable to or in respect of a person in accordance with paragraph (a) of sub-section (1.) of section one hundred and nineteen h of this Act; and
     (b) a transfer value of a smaller amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that sub-section,

the amount of the last-mentioned transfer value shall not be taken into account for the purposes of paragraph (a) of sub-section (2.) of this section.

Matters to be taken into account by actuary in furnishing advice to Board.
"119l.—(1.) In furnishing advice to the Board in relation to the determination by the Board, for the purposes of either of the last two preceding sections, of the number of units of pension that was equivalent to the amount of a transfer value, or to the total of the amounts of any transfer values, that is or are, or would have become, payable to or in respect of a person under a superannuation scheme, an actuary shall have regard to actuarial principles and practice and shall take into account all relevant matters, including—
     (a) the extent to which the transfer value or each of the transfer values was, or would have been, based upon contributions under the superannuation scheme by the employer of the person and the extent (if any) to which it was, or would have been, based upon contributions by the person;
     (b) the age of the person at the date on which he became an employee;
     (c) whether the person has made an election under section twenty-four of this Act;
     (d) the respective rates of mortality, invalidity and withdrawal from the Fund that are assumed, for the purposes of the advice, to apply in relation to the class of contributors in which the person is included; and
     (e) the rates of interest that it is assumed, for the purposes of the advice, will be earned by the assets of the Fund.
"(2.) In furnishing advice to the Board in relation to the determination by the Board, for the purposes of either of the last two preceding sections, of the number of units of pension that was equivalent to a pension that is, or would have become, payable to a person under a superannuation scheme, an actuary shall have regard to actuarial principles and practice and shall take into account all relevant matters, including—