Document ID: chunk:federal_register_of_legislation:C1971A00046:body:0:p29
Version: federal_register_of_legislation:C1971A00046
Segment Type: other
Provision Reference: 
Character Range: 66331–68962

transfer value of a smaller amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that sub-section,
the amount of the last-mentioned transfer value shall not be taken into account for the purposes of sub-paragraph (ii) of paragraph (c) of sub-section (3.) of this section.
"(7.) Where the person is a contributor to the Provident Account—
     (a) so much of the amount paid to the Board as is equal to the employee component of the transfer value, or to the sum of the employee components of the transfer values, as the case may be, shall be paid by the Board into the Provident Account;
     (b) the amount so paid into the Provident Account shall, to the extent to which it was payable to the person upon the termination of the employment in respect of which the transfer value or any of the transfer values became payable irrespective of whether he engaged in further employment, be deemed, for the purposes of sections eighty-four and eighty-five of this Act, to be contributions made to the Provident Account by the person;
     (c) subject to the next succeeding paragraph, one-third of the amount paid to the Board shall be deemed, for the purposes of sub-section (1.) of section eighty-two, and sub-section (1.) of section eighty-three, of this Act to be contributions made to the Provident Account by the person;
     (d) in calculating the sum payable under sub-section (1.) of section eighty-two, or sub-section (1.) of section eighty-three, of this Act for the purpose of ascertaining whether sub-section (2.) of section eighty-two, or sub-section (2.) of section eighty-three, of this Act applies in relation to the person or in relation to the widow or widower or the children of the person, as the case may be, the last preceding paragraph shall be disregarded; and
     (e) if sub-section (2.) of section eighty-two, or sub-section (2.) of section eighty-three, of this Act applies in relation to the person or in relation to the widow or widower or the children of the person, as the case may be—
          (i) there shall be paid out of the Provident Account to the person, or to the widow, widower or children, in addition to the amount payable under that sub-section, an amount

          equal to the amount paid to the Board together with compound interest on that amount, in respect of the period that commenced on the date on which the person became a contributor to the Provident Account and ended on the date on which he ceased to be such a contributor, at the rate or rates applicable under sub-section (3.) of section ninety of