Document ID: chunk:federal_register_of_legislation:C2022C00264:section:110k
Version: federal_register_of_legislation:C2022C00264
Segment Type: section
Provision Reference: s 110K
Character Range: 386964–388018

110K  Repayment of interim benefits
 (1) Subject to subsection (2), where, before 1 July 1990, a productivity employee received, or became entitled to receive, an interim benefit within the meaning of the Superannuation (Productivity Benefit) Act 1988 without ceasing to be an eligible employee:
 (a) where the benefit has neither been preserved in a fund nor used to buy a deferred annuity—the employee may pay to CSC all or part of the amount of that benefit; or
 (b) where the benefit has been preserved in a fund—all or part of the amount of that benefit and the amount of any interest accruing on that benefit while preserved in the fund may be transferred, or paid, to CSC; or
 (c) where the benefit has been used to buy a deferred annuity that has not become payable and an amount has been received by the employee because of the annuity—the employee may pay to CSC the amount received.
 (2) A payment to CSC may only be made within the period of 3 months commencing on 1 July 1990 or such longer period as CSC allows for the particular payment.