Document ID: chunk:federal_register_of_legislation:F2011C00507:reg:130
Version: federal_register_of_legislation:F2011C00507
Segment Type: reg
Provision Reference: reg 130
Character Range: 14741–16374

130          Insert in Division 2 of Part IX after section 130 the following:
                 '130A   If:
                    (a) before the commencing day, the Superannuation Board constituted by the superseded Act paid, in respect of a person who ceases to be an eligible employee, an amount to the Commonwealth in accordance with subsection 119J (8) of that Act; and
                    (b) upon the person ceasing to be an eligible employee, a lump sum benefit becomes payable to or in respect of him under section 80 or 111 and the amount or part of the amount referred to in paragraph (a) was an amount that, whether or not he engaged in further employment, was payable to him upon the termination of his previous employment under a superannuation scheme applicable to that employment,
                 there is payable to or in respect of the person, unless he or she becomes entitled to benefit under section 197, an additional lump sum benefit of an amount equal to the total of:
                    (c) an amount equal to the portion of the amount referred to in paragraph (a) that was payable to the person, whether or not he or she engaged in further employment, on the termination of his or her previous employment under a superannuation scheme applicable to that employment; and
                    (d) the amount that would have accrued by way of interest on the amount first referred to in paragraph (c) if it had been paid into the Fund on the later of:
                        (i) 1 July 1976; or
                        (ii) the day on which the amount referred to in paragraph (a) was paid to the Commonwealth.'