Document ID: chunk:federal_register_of_legislation:C2024C00651:section:22q:p2
Version: federal_register_of_legislation:C2024C00651
Segment Type: section
Provision Reference: s 22Q (pt 2/2)
Character Range: 177053–179243

of the member by the Commonwealth:
 (c) so much of the amount paid to the Commonwealth under subsection (1) as is equal to the employer component of the transfer value or the sum of the employer components of the transfer values, as the case may be;
 (d) the interest that would have accrued on the amount worked out under paragraph (c) if it were assumed that:
 (i) the amount had been a member contribution made under the superannuation scheme established by deed under the Superannuation Act 1990; and
 (ii) interest on that contribution had accrued in accordance with determinations by CSC under that scheme as to rates of interest and the method of allocating interest; and
 (iii) no interest on that contribution had accrued during any period when the member was not entitled to a parliamentary allowance; and
 (iv) if the amount paid to the Commonwealth under subsection (1) was so paid before 1 July 1992—that contribution was made on 1 July 1992.
 (6) If:
 (a) under the superannuation scheme applicable in relation to any previous employment of the member, the whole or any part of the employer component of a transfer value was payable to the member upon the termination of that employment irrespective of whether he or she engaged in further employment;
 (b) the member ceases to be a member; and
 (c) a refund of the contributions paid by him or her is payable to or in respect of him or her but no part of the Commonwealth supplement or the superannuation guarantee safety‑net amount is so payable;
so much of the amount paid to the Commonwealth under subsection (1) as is equal to the employer component of the transfer value or to that part of that employer component, as the case may be, is payable to or in respect of him or her by the Commonwealth.
 (7) For the purposes of this section:
 (a) the employee component of a transfer value payable to or in respect of a person is the part (if any) of that transfer value that was based upon contributions made by the person; and
 (b) the employer component of a transfer value payable to or in respect of a person is the part of that transfer value that was based upon contributions by an employer or employers of the person.