Document ID: chunk:federal_register_of_legislation:C2004A04907:body:0:p12
Version: federal_register_of_legislation:C2004A04907
Segment Type: other
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Character Range: 28350–31341

Compensation Act 1988", substitute "Safety, Rehabilitation and Compensation Act 1988".

69. Section 54K:

Omit "Superannuation (1990) Scheme", substitute "Public Sector Superannuation Scheme".

    Note: The heading to section 54K is altered by omitting "Superannuation (1990) Scheme" and substituting "Public Sector Superannuation Scheme".

70. Subsection 54L(1):

Omit "Superannuation (1990) Scheme", substitute "Public Sector Superannuation Scheme".

71. Paragraph 54ZA(c):

Omit "Superannuation (1990) Scheme", substitute "Public Sector Superannuation Scheme".

72. Before Division 1 of Part V:

Insert in Part V:

"Division 1A—Application of SIS Act

Accrual of benefits to be subject to SIS Act

"55A. Despite any other provision of this Act, benefits do not accrue to an eligible employee if, under the SIS Act, the accrual of those benefits is not permitted.".

73. Paragraph 58(2)(b):

Omit, substitute:

     "(b) on or after reaching the person's minimum retiring age but before reaching the age of 60 years, the person ceases to be an eligible employee for any reason other than death or involuntary retirement;".

74. Subparagraph 58A(1)(c)(ii):

Omit "57B(d) or (e)", substitute "57B(1)(d) or (e)".

SCHEDULE 2—continued

75. Subparagraphs 58A(6)(a)(i) and (ii):

After "involuntarily" insert "for the purposes of this Act".

76. Subparagraph 58B(1)(c)(iii):

Omit "Public Service Act 1922", substitute "Public Service Act".

77. Subparagraph 58B(1)(c)(iv):

Omit "57B(d) or (e)", substitute "57B(1)(d) or (e)".

78. Sub-subparagraph 58B(1)(c)(v)(B):

Omit "Public Service Act 1922", substitute "Public Service Act".

79. Subparagraphs 58B(6)(a)(i) and (ii):

After "involuntarily" insert "for the purposes of this Act".

80. Subsections 62(2) and (2A):

Omit, substitute:

"(2) Subject to section 62B, if a person who ceases to be an eligible employee before 1 July 2000 makes an election under subsection (1), the person is entitled, in lieu of pension and lump sum benefit to which, if the election had not been made, the person would be entitled under section 55 or 59, to payment of:

    (a) if paragraph (b) does not apply, a lump sum benefit equal to the sum of:

        (i) 3.5 times the amount of the person's accumulated basic contributions; and

        (ii) the amount of the person's accumulated supplementary contributions (if any); or

    (b) if the person had, at any time before ceasing to be an eligible employee, received a partial invalidity pension, a lump sum benefit equal to the sum of:

        (i) the amount worked out using the formula:

; and

        (ii) the amount of the person's accumulated supplementary contributions (if any).

"(2A) Subject to section 62B, if a person who ceases to be an eligible employee on or after 1 July 2000 makes an election under subsection (1), subsection (2B) or (2C) has effect.

"(2B) If the person has reached the age of 55 years at the time when he or she ceases to be an eligible employee and provides