Document ID: chunk:federal_register_of_legislation:C2004A01463:body:0:p5
Version: federal_register_of_legislation:C2004A01463
Segment Type: other
Provision Reference: 
Character Range: 9531–12052

to make an election under this sub-section after 12 February 1976".

Election to take up rejected units as noncontributory units.
10. Section 22a of the Principal Act is amended—

    (a) by adding at the end of sub-section (1) the words ", but, subject to section 20ab of this Act, a person is not entitled to make an election under this sub-section after 30 June 1976"; and
    (b) by adding at the end thereof the following sub-section:—
    "(3) Where an election is made by an employee under sub-section (1) of this section after 4 February 1976 and before 1 July 1976, not being an election made by virtue of section 20ab of this Act, his salary as at the date of the election shall, for the purposes of sub-section (2) of this section, be deemed to be the salary that was his salary as at 4 February 1976.".

Election ineffective if number of contributory units is, or falls below, number of initial units.
11. Section 22d of the Principal Act is amended by omitting sub-section (4) and substituting the following sub-section:—

"(4) A reference in the preceding sub-sections of this section to the initial unit entitlement of an employee or pensioner—

    (a) shall, subject to paragraph (b) of this sub-section, be read as a reference to the full unit entitlement of the employee or pensioner as at the time when he became a contributor to the Fund, or, if he became a contributor to the Fund after having previously ceased to be a contributor to the Fund, when he last became a contributor to the Fund; and
    (b) shall, in relation to an employee who is contributing to the Fund in accordance with Part VIa or VIIa or a pensioner who was, immediately before becoming a pensioner, so contributing to the Fund, be read as a reference to the number of units of pension for which, but for Parts VIa and Xa or Parts VIIa and Xa, as the case may be, he would have been liable to contribute to the Fund by virtue of section 20 of this Act at the time when he became an employee or, if he became an employee after having previously ceased to be an employee, when he last became an employee.".

Election to contribute for full pension at 60 years of age.
12. Section 24 of the Principal Act is amended by inserting after sub-section (1) the following sub-sections:—

"(2) Subject to sub-section (2a), a person is not entitled to make an election under this section after 12 February 1976.

"(2a) Where, on or after 13 February 1976 but before 30 April 1976, a person who is a contributor makes an election under this