Document ID: chunk:federal_register_of_legislation:C2004A01816:body:0:p27
Version: federal_register_of_legislation:C2004A01816
Segment Type: other
Provision Reference: 
Character Range: 64166–67045

or
            (ii) if a lesser rate is applicable in relation to him under the regulations—that lesser rate.".

Special provisions affecting certain former contributors under certain superannuation schemes
55. Section 145 of the Principal Act is amended—
     (a) by omitting from paragraph (c) of sub-section (7) "and";
     (b) by omitting from sub-paragraph (i) of paragraph (d) of sub-section (7) "and";
     (c) by omitting sub-paragraph (ii) of paragraph (d) of sub-section (7) and substituting the following sub-paragraphs:
         "(ii) pay to him out of the Superannuation Fund an amount equal to his accumulated supplementary contributions; and
         "(iii) pay out of the Superannuation Fund and into the Consolidated Revenue Fund an amount equal to the amount that, but for this Part, would have been payable to the former contributor under section 80 less any amounts paid to him under sub-paragraphs (i) and (ii) of this paragraph; and";
     (d) by adding at the end of sub-section (7) the following paragraph:
         "(e) section 112 does not apply in relation to the former contributor.";
     (e) by omitting sub-paragraph (i) of paragraph (a) of sub-section (8) and substituting the following sub-paragraph:
         "(i) pay into the Superannuation Fund an amount equal to the amount that, but for sub-section (2), would have been paid by the Commissioner into the Superannuation Fund and the amount of any interest that, in accordance with the regulations, is payable in respect of that amount; and
     (f) by omitting sub-paragraph (i) of paragraph (a) of sub-section (9) and substituting the following sub-paragraph:
         "(i) pay into the Superannuation Fund an amount equal to the amount that, but for sub-section (2), would have been paid by the Commissioner into the Superannuation Fund and the amount of any interest that, in accordance with the regulations, is payable in respect of that amount;
56. Section 146 of the Principal Act is repealed and the following section substituted:

Application of section 112 to payment of transfer value
"146. Section 112 applies in relation to a payment of a transfer value under section 138 as if that payment were a payment of benefit under this Act.".

Interpretation
57. Section 147 of the Principal Act is amended—
     (a) by omitting from paragraph (d) of the definition of "pension to which this Part applies" in sub-section (1) "or";
     (b) by adding at the end of the definition of "pension to which this Part applies" in sub-section (1) the following word and paragraph:
      "or (f) deferred benefit by way of pension of a kind referred to in paragraph (a), (c) or (d);";
     (c) by omitting from the definition of "prescribed year" in sub-section (1) ", and each" and substituting "or a"; and
     (d) by inserting in sub-section (2) "or publishes" after "has published".

Increases