Document ID: chunk:federal_register_of_legislation:C1966A00086:body:0:p4
Version: federal_register_of_legislation:C1966A00086
Segment Type: other
Provision Reference: 
Character Range: 7310–10089

to the Provident Account before retirement, there shall be paid to—
      (a) if the contributor is survived by a widow, or is survived by a widower who, in the opinion of the Board, was wholly or substantially dependent upon the contributor immediately before the contributor's death—the widow or widower; or
      (b) if the last preceding paragraph does not apply but the contributor is survived by children of the contributor or of the contributor's spouse who are eligible children—those children,
a sum equal to three times the aggregate of—
      (c) the contributions paid by the contributor to the Provident Account; and
      (d) compound interest on those contributions at the prescribed rate.

"(2.) Where the sum payable under the last preceding sub-section is less than one-half of the salary payable to the contributor to the Provident Account at the date of the contributor's death, the sum payable to the widow, widower or children, as the case may be, shall be a sum equal to one-half of that salary.
"(3.) Where an amount is payable under this section to children, the amount shall be divided equally amongst those children.".
16. Section 84 of the Principal Act is repealed and the following section inserted in its stead:—

Payment on death of contributor without dependants.
"84. Where a contributor to the Provident Account who is an unmarried person (including a person who was formerly married), not being a person with children who are eligible children, dies before retirement, there shall be paid to the personal representatives of the contributor, or, failing them, to such persons (if any), as the Board determines, an amount equal to the amount of contributions paid by the contributor to the Provident Account together with compound interest on the amount of those contributions at the prescribed rate.".
17. Section 92 of the Principal Act is repealed and the following section inserted in its stead:—

Payment by Commonwealth to Provident Account.
"92.—(1.) In respect of a payment made under sub-section (1.) of section eighty-two, or sub-section (1.) of section eighty-three, of this Act, the Commonwealth shall pay to the Provident Account an amount equal to two-thirds of the payment.
"(2.) In respect of a payment made under sub-section (2.) of section eighty-two, or sub-section (2.) of section eighty-three, of this Act, the Commonwealth shall pay to the Provident Account an amount equal to the sum of—
      (a) two-thirds of the amount (in the next succeeding paragraph referred to as 'the base amount') that would have been the amount of the payment if the payment had been made under sub-section (1.) of section eighty-two, or sub-section (1.) of section eighty-three, of this Act; and
      (b) the amount by which the amount of the