Document ID: chunk:federal_register_of_legislation:C1965A00097:body:0:p39
Version: federal_register_of_legislation:C1965A00097
Segment Type: other
Provision Reference: 
Character Range: 93781–96271

there is no such person at the time of payment, to such person (if any) as the Superannuation Board determines; and
       (b) the amount of the contribution paid by the person to the Fund at that time shall, for the purposes of the Superannuation Act 1922-1965, be deemed to have been reduced by the amount of the excess.
(2.) For the purposes of the application of the last preceding sub-section in relation to a contribution that was or is paid by a person to the Superannuation Fund, being a contribution for or in respect of a unit of pension the initial contribution for which was or is paid on or after the first day of July, One thousand nine hundred and sixty-five, the amount in relation to that contribution that is required to be paid out of the Fund to or in respect of the person by virtue of paragraph (a) of that sub-section is, in lieu of the amount that, but for this sub-section, would be so required to be paid, the amount referred to in sub-paragraph (i) of that paragraph.
(3.) This section does not apply in relation to a person if an amount has been paid in respect of the person under sub-section (1a.) of section 48 of the Superannuation Act 1922-1959 or of that Act as amended.

Increases in rates of interest on contributions to Provident Account to take effect from 1 July, 1957.
69.—(1.) The amendment made by section 42 of this Act does not have effect until a date to be fixed by the Treasurer by notice published in the Gazette.
(2.) Regulations prescribing rates of interest in respect of financial years for the purposes of section 90 of the Superannuation Act 1922-1965 may be made before the date fixed under the last preceding sub-section but, if so made, do not have effect before that date.
(3.) Where, on or after the first day of July, One thousand nine hundred and fifty-seven, and before the date fixed under sub-section (1.) of this section, an amount in respect of compound interest was or is paid to or in respect of a contributor to the Provident Account under Part IVb. of the Superannuation Act 1922-1956, or of that Act as amended, there shall be deemed to have been payable to or in respect of the contributor, in lieu of

that amount, the amount that would have been so payable if the rate of that compound interest had been the rate that is applicable under section 90 of the Superannuation Act 1922-1965.
(4.) Where an amount that was, or is, paid to or in respect of a contributor to the Provident Account under section 60y or section