Document ID: chunk:federal_register_of_legislation:C1959A00102:front:0:p9
Version: federal_register_of_legislation:C1959A00102
Segment Type: other
Provision Reference: 
Character Range: 19461–22278

person next birthday shall be deemed to be his age at his birthday next after the seventeenth day of December, One thousand nine hundred and fifty-nine.

Cessation of additional contributions under previous sections.
"17ac.—(1.) The succeeding sub-sections of this section have effect in respect of contributions under the last two preceding sections.

"(2.) The contributor shall, subject to the next succeeding sub-section, be liable to pay the contributions in respect of each unit of pension until immediately after the last fortnightly payment before—
       (a) he ceases to be an employee; or
       (b) the seventeenth day of December next preceding the attainment by him of the maximum age for retirement,
whichever first happens.

"(3.) In the case of a contributor whose initial payment in respect of the contributions in respect of a unit of pension is made within twelve months before, or at any time after, he attains the maximum age for retirement, he shall pay those contributions until he ceases to be an employee by reason of his death or retirement on the ground of invalidity or physical or mental incapacity to perform his duties, or until he has paid twenty-six contributions, whichever first happens.".

Reserve Units of Pension Account
17. Section seventeen a of the Principal Act is amended by omitting the words "under this Division" and inserting in their stead the words "for or in respect of reserve units of pension".

Contribution for reserve units of pension.
18. Section seventeen b of the Principal Act is amended—
       (a) by omitting from sub-section (1.) the words ", as defined by section twelve a of this Act,";

       (b) by omitting from sub-section (2.) the word "four" and inserting in its stead the word "eight"; and
       (c) by omitting sub-section (3.) and inserting in its stead the following sub-section:—
         "(3.) Contributions for a reserve unit of pension—
              (a) shall be in accordance with the Third or Fourth Schedule to this Act, whichever is appropriate; and
              (b) shall be payable as from the date on which the contributor elects to contribute for that reserve unit of pension.".
19. Division 4 of Part III. of the Principal Act is repealed and the following Division inserted in its stead:—

"Division 4.—Contributions by the Commonwealth.

Payments by Commonwealth.
"18.—(1.) This section has effect except as otherwise provided by this Act or by the Superannuation Act 1959.
"(2.) Subject to the next three succeeding sub-sections, the Commonwealth shall pay to the Fund an amount equal to five-sevenths of each payment of pension.
"(3.) Subject to the next two succeeding sub-sections, in the case of a unit of pension for which contributions were made at a rate applicable to an age younger than the contributor's age at