Document ID: chunk:federal_register_of_legislation:F2011C00507:reg:136:p5
Version: federal_register_of_legislation:F2011C00507
Segment Type: reg
Provision Reference: reg 136 (pt 5/18)
Character Range: 27408–30379

section 198 or 199 and the person has paid supplementary contributions, the additional lump sum benefit to which the person is entitled in accordance with this subsection is an amount equal to the person's accumulated supplementary contributions.
                   '201 (1) Subject to sections 212 and 223, where:
                    (a) a person ceases to be a prescribed eligible employee:
                        (i) on or after attaining the age of 65 years, otherwise than by reason of death;
                        (ii) on or after attaining the age of 60 years but before attaining the age of 65 years, otherwise than by reason of death or retirement on the ground of invalidity before attaining his or her maximum retiring age; or
                        (iii) in circumstances in which he would, for the purposes of section 82 of the superseded Act, have been regarded, if that section had continued to apply to him, as having his services terminated owing to retrenchment; or
                        (iv) by reason of retirement on the ground of invalidity before attaining his maximum retiring age; and
                    (b) the person is not entitled to benefit under Division 1, 2 or 4 of Part V, under Division 3 of Part IX or under section 197 of this Division,

                 the person is entitled to a lump sum benefit payable in accordance with subsection (2) and, where he has paid supplementary contributions, to an additional lump sum benefit payable in accordance with subsection (3).
                 '(2) Subject to section 223, a person referred to in subsection (1) is entitled under this subsection to a lump sum benefit of:
                    (a) except where paragraph (b) applies — an amount equal to whichever is the greatest of:
                        (i) 3 times the person's accumulated basic contributions; or
                        (ii) in the case of a person who is, or has been, an approved part-time employee — the adjusted final salary amount, calculated in accordance with subsection 196 (2); or
                        (iii) in any other case — one half of the amount per annum of the person's final annual rate of salary; or
                    (b) where:
                        (i) the person was a contributor to the Provident Account established by the superseded Act on more than 1 occasion and at any time before he last became such a contributor he had been paid a sum under subsection 82 (2) of the superseded Act; or
                        (ii) the person, being a person who ceases to be a prescribed eligible employee in circumstances referred to in subparagraph (1) (a) (i) or (1) (a) (ii), became a contributor to the Provident Account established by the superseded Act after the commencement of the Superannuation Act 1946,
                 an amount equal to 3 times the person's accumulated basic contributions.
                 '(3) Subject to section 223, if a person referred to in subsection (1)