Document ID: chunk:federal_register_of_legislation:C1959A00102:front:0:p17
Version: federal_register_of_legislation:C1959A00102
Segment Type: other
Provision Reference: 
Character Range: 39341–42151

Election to come under Act for difference.
35. Section fifty-two of the Principal Act is amended—
       (a) by adding at the end of paragraph (b) of sub-section (3.) the word "and"; and
       (b) by omitting paragraphs (c) and (d) of that sub-section and inserting in their stead the following paragraph:—
            "(c) the contributions shall be payable as from the date of the election.".

Right of employee not electing under section 52 to come under Act for limited purposes.
36. Section fifty-three of the Principal Act is amended—
       (a) by inserting in sub-section (1.), after the word "time,", the words "but not later than the thirteenth day of December, One thousand nine hundred and fifty-nine,";
       (b) by omitting from paragraph (b) of sub-section (3.) the word "two-sevenths" and inserting in its stead the word "seventeen twenty eighths"; and

       (c) by omitting from paragraph (a) of sub-section (5.) the words "sub-section (1.) of section eighteen of this Act, or sub-section (1.) of section nineteen" and inserting in their stead the words "sub-section (2.) or (3.) of section eighteen".

Increase in certain pensions.
37. Section fifty-nine of the Principal Act is amended by omitting from sub-section (4.) the words "and the Consolidated Revenue Fund is appropriated accordingly".

Repeal of section 59a.
38. Section fifty-nine a of the Principal Act is repealed.

The Provident Account.
39. Section sixty u of the Principal Act is amended by omitting the words "and from which shall be paid the benefits provided for in this Part".

40. After section sixty u of the Principal Act the following sections are inserted:—

Payments by Commonwealth into Provident Account.
"60ua. Payments by the Commonwealth into the Provident Account shall be made from the Consolidated Revenue Fund, which is appropriated accordingly.

Benefits to be paid from Provident Account.
"60ub.—(1.) Subject to the next succeeding sub-section, payments in respect of benefits under this Part shall be made from the Provident Account.
"(2.) Where the Commonwealth would be liable to pay into the Provident Account an amount equal to the whole or a part of a payment made to a person from the Provident Account, that amount may be paid to that person by the Commonwealth instead of from the Provident Account, and the Consolidated Revenue Fund is appropriated accordingly.
"(3.) A payment by the Commonwealth under the last preceding sub-section does not affect the liability of the Commonwealth to pay into the Provident Account an amount referred to in that sub-section.

Payments to be made at end of financial year.
"60uc. Payments by the Commonwealth into the Provident Account shall be made on the last day of each financial year and on that day there shall be paid from the Provident Account to