Document ID: chunk:federal_register_of_legislation:F2011C00507:reg:136:p12
Version: federal_register_of_legislation:F2011C00507
Segment Type: reg
Provision Reference: reg 136 (pt 12/18)
Character Range: 46010–48678

(a) or 210 (2) (a) to the accumulated basic contributions of a person shall be read as a reference to the amount by which the amount that, but for this subsection, would be his or her accumulated basic contributions exceeds the sum of:
                    (a) an amount equal to:
                        (i) except where subparagraph (ii) applies — the employee component of the transfer value an amount equal to the amount of which was so paid by him or her to the former Board under subsection 119J (1) of the superseded Act; or
                        (ii) if the amount so paid by him or her to the former Board under subsection 119J (1) of the superseded Act was equal to the sum of the amounts of 2 or more transfer values — the sum of the employee components of those transfer values; and
                    (b) interest (compounded each year on 30 June) on the amount ascertained in accordance with paragraph (a) calculated:
                        (i) in respect of the period that commenced on the date on which the amount was so paid to the former Board under subsection 119J (1) of the superseded Act and ended immediately before the commencing day — at the rate applicable at the relevant time under subsection 90 (3) of that Act; and
                        (ii) in respect of the period that commenced on the commencing day and ended when the person ceased to be an eligible employee — at the rate applicable at the relevant time under a determination made by CSC under subsection 154A (1).
                 '(3) Where:
                    (a) that person, or another person, is entitled to payment of a lump sum benefit that is an amount referred to in subsection 197 (2), 200 (1), 201 (2), 204 (1) or 205 (2); or
                    (b) there is payable in respect of an eligible child or eligible children a lump sum benefit that is an amount referred to in subsection 209 (1) or 210 (2);
                 there is payable to the person so entitled or in respect of that eligible child or those eligible children, as the case may be, in addition to that lump sum benefit, a lump sum benefit of an amount equal to the amount so paid to the former Board under subsection 119J (1) of the superseded Act together with interest on that amount calculated in the same manner as interest is calculated under paragraph (2) (b) on an amount ascertained in accordance with paragraph (2) (a).
                 '(4) For the purposes of this section, a person shall be taken to have made a payment to the former Board if the payment was made to that Board by another person on his or her behalf.
                 '(5) This section does not have effect in relation