Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:128:p2
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 128 (pt 2/2)
Character Range: 19608–21878

not the person engaged in further employment, was payable to the person on the termination of his or her previous employment under a superannuation scheme applicable to that employment;
         there is payable to or in respect of the person an additional lump sum benefit of an amount equal to the total of:
          (c) the amount referred to in paragraph (b); and
          (d) the amount that would have accrued by way of interest on that amount if it had been paid into the Fund on the day on which that amount was paid to the Commonwealth by the Commissioner.'.
         Omit subsection (4AA).

         Omit subsection (5).

         Insert before subsection (6) the following subsections:
          '(5B) Upon an eligible employee referred to in subsection 127 (1B) ceasing to be an eligible employee or, if he ceases to be an eligible employee on more than one occasion, upon his first ceasing to be an eligible employee, there shall be added to the period that, but for this subsection, would be his period of contributory service the period that is the quotient, expressed in years and fractions of a year, of the number of whole dollars contained in the employer component of the transfer value payable under the Commonwealth Hostels Provident Fund in respect of the eligible employee divided by the number of whole dollars contained in the amount that is equal to 12½  per cent of the annual rate of salary of the employee on 8 June 1980.

          '(5C) Where an eligible employee referred to in subsection 127 (1B) is on leave of absence without pay on
         8 June 1980, a reference in subsection (5B) to the annual rate of salary of the eligible employee on that date shall be read as a reference to the annual rate of salary that would have been payable to the employee on that date if the employee had not been on leave.'.
         Omit paragraph (6) (b), substitute:
          '(b) the employer component of a transfer value payable to or in respect of a person is the part of the transfer value that was based upon contributions by an employer or employers of the person.'.
         Omit subsection (8).

Schedule 3 Modifications — Certain employees of the Anglo–Australian Telescope Board
(regulation 6)

         Modifications
Section