Document ID: chunk:federal_register_of_legislation:C1965A00097:body:0:p40
Version: federal_register_of_legislation:C1965A00097
Segment Type: other
Provision Reference: 
Character Range: 96050–98671

had been the rate that is applicable under section 90 of the Superannuation Act 1922-1965.
(4.) Where an amount that was, or is, paid to or in respect of a contributor to the Provident Account under section 60y or section 60z of the Superannuation Act 1922-1956, or of that Act as amended, is less than the amount that, by virtue of the last preceding sub-section, is to be deemed to have been, or is, payable under that section to or in respect of the contributor, an amount equal to the sum of—
       (a) the difference between the first-mentioned amount and the second-mentioned amount; and
       (b) the amount that, if the contributor were entitled to receive compound interest on one-third of that difference calculated at the specified rate in respect of the period from and including the date of the retirement, termination of services or death of the contributor to and including the date fixed under sub-section (1.) of this section, would be the amount of that interest,
shall, subject to this section, be paid out of the Provident Account—
       (c) to the contributor; or
       (d) if the contributor is dead—to the widow of the contributor or, if there is no such person at the time of payment, to such person (if any) as the Superannuation Board determines.
(5.) Where an amount equal to the amount of the contributions paid by a contributor into the Provident Account has been, or is, paid to or in respect of the contributor under section 60v, section 60aa or section 60ab of the Superannuation Act 1922-1956, or of that Act as amended, and the amount of interest on his contributions to the Provident Account that was, or is, paid to or in respect of him under that section is less than the amount of interest on those contributions that, by virtue of sub-section (3.) of this section, is to be deemed to have been, or is, payable to or in respect of him, an amount equal to the sum of—
       (a) the difference between the first-mentioned amount of interest and the second-mentioned amount of interest; and
       (b) the amount that, if the contributor were entitled to receive compound interest on that difference calculated at the specified rate in respect of the period from and including the date when an amount became or becomes payable to or in respect of the contributor

       under that section to and including the date fixed under sub-section (1.) of this section, would be the amount of that interest,
shall be paid out of the Provident Account—
       (c) to the contributor; or
       (d) if the contributor is dead—to the widow of the contributor or, if there is no such person at