Document ID: chunk:federal_register_of_legislation:F2004C00092:reg:62:p1
Version: federal_register_of_legislation:F2004C00092
Segment Type: reg
Provision Reference: reg 62 (pt 1/3)
Character Range: 8122–11137

62                   Insert in subsection (2) 'subsection (2AA) and' after 'Subject to'.
                     Insert after subsection (2) the following subsection:
                          '(2AA) Subject to section 62B, if a person referred to in subsection (2) is a person in relation to whom sections 119H and 119J of the superseded Act applied, paragraphs (2) (a) and (b) do not apply to that person and the person is entitled to a lump sum benefit of an amount equal to the sum of:
                            (a) the amount (in this subsection referred to as the relevant amount) paid in respect of the person to the Superannuation Board or Commissioner under section 119J of the superseded Act together with the amount of interest that would be payable in respect of the relevant amount if it were to be deemed to be an amount of basic contributions paid by the person under this Act on the commencing day; and
                            (b) either:
                               (i) if subparagraph (ii) does not apply, an amount equal to the sum of:
                                   (A) 3.5 times the amount that would be the amount of the person's accumulated basic contributions if the amount allocated to the person under paragraph 177 (3) (a) of this Act had been reduced by an amount equal to so much of the relevant amount as was paid by the Superannuation Board to the existing Fund, or by the Commissioner to the Fund, in accordance with section 119J of the superseded Act; and
                                   (B) the amount of the person's accumulated supplementary contributions (if any); or
                               (ii) if the person had, at any time before ceasing to be an eligible employee, received a partial invalidity pension, an amount equal to the sum of:
                                   (A) the amount that would be the amount worked out using the formula:

                                   if the amount allocated to the person under paragraph 177 (3) (a) of this Act had been reduced by an amount equal to so much of the relevant amount as was paid by the Superannuation Board to the existing Fund, or by the Commissioner to the Fund, in accordance with section 119J of the superseded Act; and
                                   (B) the amount of the person's accumulated supplementary contributions (if any).'.
                     Omit from subsection (2A) '(2B) or', substitute '(2B), (2BA) or'.
                     Omit from subsection (2B) 'If', substitute 'Subject to subsection (2BA), if'.
                     Insert after subsection (2B) the following subsection:
                          '(2BA) If a person referred to in subsection (2B) is a person in relation to whom sections 119H and 119J of the superseded Act applied, paragraphs (2B) (a) and (b) do not apply to that person and the person is entitled to a lump sum benefit of an amount equal to the sum of:
                            (a) the amount (in this subsection referred to as the relevant