Document ID: chunk:federal_register_of_legislation:C2004A01463:body:0:p16
Version: federal_register_of_legislation:C2004A01463
Segment Type: other
Provision Reference: 
Character Range: 35526–38169

a policy that has been transferred to the Board and has not been retransferred by the Board shall, by force of this sub-section, be transferred to the Superannuation Fund Investment Trust and, after the commencement of that Act, any reference in sub-sections (2) and (3) of this section to the Board shall, in the application of those sub-sections to the policy, be read as a reference to the Superannuation Fund Investment Trust".

Repeal of sections 75 to 78 (inclusive).
45. Sections 75, 76, 77 and 78 of the Principal Act are repealed.

Contributors to Provident Account
46. Section 79 of the Principal Act is amended by adding at the end thereof the following sub-sections:—

"(4) The Board shall not exercise its powers under sub-section (2) of this section in relation to a person who is a contributor to the Provident Account except in pursuance of an application made by the person before 13 February 1976.

"(5) Where, on or after 13 February 1976 but before 30 April 1976, a person who is a contributor to the Provident Account makes application to the Board for the Board to exercise its powers in relation to him under sub-section (2) of this section and the application arose out of or is otherwise related to a communication made to the Board by the person before 13 February 1976, the Board may, for the purposes of sub-section (4) of this section, treat the application as having been made before that last-mentioned date.
"(6) Where an application made to the Board under sub-section (2) of this section has not been determined by the Board before 1 July 1976, the Commissioner for Superannuation may exercise the powers of the Board under this section in relation to the application.

"(7) Where, after the pay-day last preceding 1 July 1976, the Board or the Commissioner for Superannuation decides, under sub-section (2) of this section, to allow a contributor to the Provident Account to contribute to the Fund under Part III of this Act, the decision shall be deemed to have been made on that pay-day.".

47. After section 79 of the Principal Act the following section is inserted:—

Contributions not payable on or after 1 July 1976
"79a. Contributions shall not be made under this Part on or after 1 July 1976 except contributions the obligation for the payment of which came into existence before 1 July 1976".

48. After section 80 of the Principal Act the following section is inserted: —

Obligation to make contributions where salary increased after 4 February 1976
"80a. (1) Where the salary of a contributor to the Provident Account is increased and the increased salary is payable from a date after 4 February