Document ID: chunk:federal_register_of_legislation:C2004A01816:body:0:p36
Version: federal_register_of_legislation:C2004A01816
Segment Type: other
Provision Reference: 
Character Range: 86571–89393

assets of the existing Fund subsisting immediately before the commencing day, the uninvested moneys of the existing Fund, the unreceived moneys of the existing Fund and the unreceived amounts in respect of life assurance policies exceeds the amount, as determined by the Minister, of the investment liabilities of the existing Fund subsisting immediately before the commencing day and moneys that persons paid, but were not liable to pay, under the superseded Act before the commencing day.".

Allocation of existing Fund between pensioners and contributors
72. Section 175 of the Principal Act is amended by inserting in sub-section (2) "(if any)" after "matters".

Allocation among eligible pensioners
73. Section 176 of the Principal Act is amended—
     (a) by inserting in sub-section (3) "(if any)" after "matters";
     (b) by omitting from sub-section (7) "118 and 119" and substituting "118, 119 and 156"; and
     (c) by adding at the end thereof the following sub-section:
     "(8) Section 144 of the superseded Act applies in relation to any moneys payable under this section as if those moneys were an amount becoming payable under the superseded Act.".

Allocation among existing contributors
74. Section 177 of the Principal Act is amended—
     (a) by inserting in sub-section (2) "(if any)" after ''matters"; and
     (b) by omitting from sub-section (8) "118 and 119" and substituting "118, 119, 156 and 166".

First day of service
75. Section 182 of the Principal Act is amended by omitting "an eligible employee" and substituting ", or at any time has been, a person".

Modification of Act in relation to existing contributors
76. Section 183 of the Principal Act is amended by omitting from sub-section (1) "an eligible employee" (last occuring) and substituting "a person who is, or at any time has been, a person".

77. (1) Section 184 of the Principal Act is repealed and the following section is substituted:

Medical examinations and benefit classification certificates
"184. (1) This section applies to a person who is, or at any time has been, an existing contributor other than—
     (a) an existing contributor who has previously ceased to be an eligible employee by reason of retirement on the ground of invalidity, being an existing contributor to whom, upon his so ceasing, invalidity benefit was payable in accordance with section 69, 72 or 73; or
     (b) an existing contributor who has previously ceased to be an eligible employee otherwise than by reason of retirement on the ground of invalidity.

"(2) Subject to sub-section (4), where—
     (a) a person to whom this section applies who, immediately before the commencing day, was (otherwise than by reason of an election made under section 81 of the superseded Act) a contributor to the Provident Account ceases to be an eligible