Document ID: chunk:federal_register_of_legislation:C1971A00046:body:0:p20
Version: federal_register_of_legislation:C1971A00046
Segment Type: other
Provision Reference: 
Character Range: 45236–47943

a reference to—
       (a) the superannuation scheme constituted by the provisions of this Act relating to the Fund; and
       (b) the retirement scheme constituted by the provisions of this Act relating to the Provident Account.
"(4.) For the purposes of this Part, a benefit payable to or in respect of an employee under a superannuation scheme shall not be taken to have been based partly upon contributions under the scheme by the employer by reason only that the benefit included interest upon contributions made under the scheme by the employee.

Determinations by the Board.
"119b.—(1.) The Board shall make a determination under this Part only after receiving advice in writing from an actuary.
"(2.) Where, in pursuance of this Part, the Board has power to make a determination in relation to a matter, the power shall be construed as including a power, exercisable in the like manner and subject to the like conditions (if any), to vary a determination so made.

"Division 2.—Employees Who Have Preserved Rights from Previous Employment.

Application of Division to former contributors to Provident Account
"119c. Where a contributor to the Provident Account is allowed by the Board to contribute to the Fund under Part III. of this Act, this Division other than section one hundred and nineteen g applies as if he had become an employee on the date on which he became a contributor to the Fund under that Part.

Transfer value payable in respect of previous employment.
"119d.—(1.) In this Division—
     (a) a reference, in relation to an employee, to a transfer value payable to or in respect of the employee under a superannuation scheme applicable in relation to any employment in which he was employed at any time before the date on which he became an employee is a reference—
          (i) in the case of the superannuation scheme constituted by the provisions of this Act relating to the Fund or by the provisions of this Act relating to the Provident Account—to a lump sum payable to the employee under section fifty of this Act, a lump sum payable to the employee under section eighty-two of this Act where his services are terminated owing to retrenchment or a transfer value payable in respect of the employee under Division 3 of this Part;

          (ii) in the case of the superannuation scheme constituted by the provisions of the Defence Forces Retirement Benefits Act 1948–1971 and the other Acts relating to retirement benefits for members of the Defence Force—to a transfer value payable in respect of the employee under Division 3 of Part VIc. of the Defence Forces Retirement Benefits Act 1948–1971 or to a refund of contributions and a gratuity payable to the employee; and