Document ID: chunk:federal_register_of_legislation:C2004A04205:body:0:p9
Version: federal_register_of_legislation:C2004A04205
Segment Type: other
Provision Reference: 
Character Range: 22999–25683

is repealed.

(2)     A person who, immediately before the commencement of this section, was entitled to make an application under a provision of Division 5 of Part IVa of the Principal Act for reconsideration of a decision may, after that commencement, make an application for reconsideration of that decision under the corresponding provision of Part Xa of that Act as amended by this Act.

(3)     Where, immediately before the commencement of this section, the Board mentioned in Part IVa of the Principal Act had not determined:

  (a)     an application made under Division 5 of that Part; or

    (b)     a matter that it had, of its own motion, referred to a Reconsideration Advisory Committee under that Division;

the application is taken to have been made or the matter referred, as the case may be, under the corresponding provision of Part Xa of that Act as amended by this Act and anything done in relation to the application or matter under that Division is taken to have been done under Part Xa.

(4) A Reconsideration Advisory Committee established before the commencement of this section under section 54n of the Principal Act that was in existence immediately before that commencement continues in existence after that time as if it had been established under section 153ab of that Act as amended by this Act.

Entitlement to age retirement benefit

22. Section 55 of the Principal Act is amended by adding at the end the following subsection:

"(4) Payment of benefit to which a person becomes entitled under this section may be postponed under Part VIb.".

Entitlement to early retirement benefit

23. Section 59 of the Principal Act is amended by adding at the end the following subsection:

"(2) Payment of benefit to which a person becomes entitled under this section may be postponed under Part VIb.".

Election for lump sum benefit in case of involuntary retirement

  24. Section 62 of the Principal Act is amended:

  (a) by omitting from subsection (1) "a lump sum";

    (b) by inserting in subsection (2) "being a person who ceases to be an eligible employee before 1 July 2000," after "under subsection (1),";

  (c) by inserting after subsection (2) the following subsection:

     "(2a) Where a person makes an election under subsection (1), being a person who ceases to be an eligible employee on or after 1 July 2000, the person is entitled, instead of pension and lump sum benefit to which, but for the election, the person would be entitled under section 55 or 59:

        (a) if the person has attained the age of 55 years at the time he or she ceases to be an eligible employee and provides the Commissioner with a statement to the effect that