Document ID: chunk:federal_register_of_legislation:C2024C00465:section:61
Version: federal_register_of_legislation:C2024C00465
Segment Type: section
Provision Reference: s 61
Character Range: 153362–154279

61  Payment of refund of contributions or of lump sum payment to CSC in discharge of liability under Superannuation Act
  Where:
 (a) the liability of a person to make contributions under the Superannuation Act has been deferred by virtue of section 54 of that Act;
 (b) by reason of the retirement or death of the person, the amount of the deferred contributions has become payable;
 (c) the whole or any part of the amount so payable has not been paid; and
 (d) benefit has become payable to or in respect of the person under subsection 32(2) or section 48 or 56 of this Act;
the amount of the benefit so payable shall, to the extent that it does not exceed the amount of the deferred contributions payable, be paid to CSC and, upon being so paid, the amount of the deferred contributions payable shall, to the extent of that payment, be deemed to have been paid to CSC under section 54 of the Superannuation Act.