Document ID: chunk:federal_register_of_legislation:F2004C00092:reg:69
Version: federal_register_of_legislation:F2004C00092
Segment Type: reg
Provision Reference: reg 69
Character Range: 23447–24797

69                   Omit paragraph (a) of subsection (2), substitute the following:
                            '(a) the sum of the amount of the person's accumulated supplementary contributions (if any) and an amount equal to:
                               (i) 3½ times the person's accumulated basic contributions; or
                               (ii) where the person is a person in relation to whom sections 119H and 119J of the superseded Act applied, the sum of:
                                   (A) the amount (in this paragraph 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relevant amount) paid in respect of the person to the Superannuation Board or Commissioner under section 119J of the superseded Act together with the amount of interest that would be payable in respect of the relevant amount if it were to be deemed to be an amount of basic contributions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) an amount equal to 3½ times the amount that would be the amount of his accumulated basic contributions if the amount allocated to him 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Superannuation Board to the existing Fund, or by the Commissioner to the Fund, in accordance with section 119J of the superseded Act; or'