Document ID: chunk:federal_register_of_legislation:C2024C00825:section:119s:p4
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 119S (pt 4/5)
Character Range: 377526–379902

factor applicable, for the purposes of subsection (5) of that section, in relation to that part;
 (d) any amount paid to the Board in accordance with subsection (1) of section 119J in respect of the person;
 (e) in the case of a person who was a contributor to the Fund, the amount of the liability of the Fund in respect of the person from time to time during the period throughout which he was a contributor to the Fund, having regard, in addition to any other relevant matters, to:
 (i) the age of the person at the date on which he became such a contributor;
 (ii) whether the person made an election under section 24; and
 (iii) the respective rates of mortality, invalidity and withdrawal from the Fund that are assumed, for the purposes of the advice, to apply in relation to the class of contributors to the Fund in which the person was included;
 (f) the rates of interest that it is assumed, for the purposes of the advice, have been earned by the assets of the Fund;
 (g) the state and sufficiency of the Fund at the date on which the person ceased to be a contributor to the Fund or to the Provident Account; and
 (h) the value of any benefit that, but for this Division, would be payable to or in respect of the person under this Act by reason of his having ceased to be a contributor to the Fund or to the Provident Account.
 (3) A transfer value payable in accordance with this Division to or in respect of a person is payable:
 (a) in the case of a person who was a contributor to the Fund—out of the Fund; and
 (b) in the case of a person who was a contributor to the Provident Account—out of the Provident Account.
 (4) Where a transfer value becomes payable in accordance with this Division to or in respect of a person who has ceased to be a contributor to the Fund and to whom section 35A of this Act applied, and:
 (a) at the time when he ceased to be a contributor to the Fund, he had not ceased to be a member as defined by subsection (1) of section 4 of the Defence Forces Retirement Benefits Act 1948‑1971 or had not ceased to be an eligible member of the Defence Force as defined by section 3 of the Defence Force Retirement and Death Benefits Act 1973; or
 (b) at the time when the transfer value becomes payable, a transfer value also becomes payable in respect of him under Division 3 of Part VIC of that Act or under Division 3 of Part IX of the