Document ID: chunk:federal_register_of_legislation:C1959A00102:front:0:p3
Version: federal_register_of_legislation:C1959A00102
Segment Type: other
Provision Reference: 
Character Range: 5029–7782

the purposes of the last three preceding sub-sections, the initial contribution of an employee in respect of any additional unit of pension or fraction of a unit of pension shall be deemed to have been made on the date as from which the contribution became payable.

       "(2bb.) After the attainment by a contributor of the anniversary of his birth next preceding the attainment by him of the maximum age for retirement in respect of any units of pension, he shall be liable to continue, subject to the next succeeding sub-section, to make fortnightly payments of contributions for those units of pension at a rate equal to the sum of the rates of the contributions payable by him for those units of pension immediately before that anniversary until he has completed payment of contributions for those units.
       "(2bc.) The amount of the last payment by a contributor (not being a contributor who ceases to be an employee before he has completed payment of his contributions) shall, if necessary, be reduced so that the amount of the payments made by the contributor does not exceed the amount of the contributions that the contributor would, but for the last preceding sub-section, have been liable to pay.
       "(2bd.) Sub-section (2bb.) of this section does not apply in relation to contributions in respect of which this Act provides that twenty-six contributions shall be payable."; and

       (b) by omitting sub-section (3.) and inserting in its stead the following sub-sections:—
       "(3.) Where
              (a) after, but as from a date before, the attainment by an employee of the maximum age for retirement; or
              (b) after, but as from a date before, the attainment by a pensioner of the maximum age for retirement, being a pensioner who retired on or after attaining that age,
       his salary is increased to a salary group in Part I. or Part II. of the First Schedule to this Act higher than the salary group in which it fell immediately before the increase, the employee or pensioner may elect to contribute for additional units of pension but so that the total number of units does not exceed the number specified in the appropriate column of Part I. or Part II. of the First Schedule to this Act opposite to that higher salary group.
       "(4.) In respect of units of pension for which an employee or pensioner elects to contribute under the last preceding sub-section, twenty-six contributions at the fortnightly rate applicable to the maximum

       age for retirement shall be made before pension in respect of superannuation becomes payable and, upon payment of those contributions, pension becomes payable as from the date of retirement.".

Repeal of section 12a.
9. Section twelve a of the Principal