Document ID: chunk:federal_register_of_legislation:F2007L01943:body:0:p4
Version: federal_register_of_legislation:F2007L01943
Segment Type: other
Provision Reference: 
Character Range: 8442–11731

and the election took effect on or after that date;
                          * a person who validly elects to transfer to the PSS scheme from the CSS scheme.

     7.2                   Rule 2.1.1A (including the note to Rule 2.1.1A) and Rule 2.1.1B are deleted.

     8.                       The Rules are further amended as follows:

     8.1                   Rule 1.2.1 is amended by replacing the second dot point of the definition of accumulated funded productivity contributions with the following dot point:

                  "• the amount of any accumulated funded productivity contributions included in a preserved benefit applicable to the person immediately before last becoming a member, plus the amount of any interest up to his/her first day of membership in accordance with a determination or determinations by the Board as to rates of interest and the method of allocation; and"

     8.2                   Rule 1.2.1 is further amended by replacing the sixth dot point of the definition of accumulated funded productivity contributions with the following dot point:

                  "• the interest (if any) on these amounts in accordance with a determination or determinations by the Board as to rates of interest and method of allocation;"

     8.3                   Rule 1.2.1 is further amended by replacing the second dot point of the definition of accumulated member contributions with the following dot point:

                  "• the amount of any accumulated member contributions included in a preserved benefit applicable to the person immediately before last becoming a member, plus the amount of any interest up to his/her first day of membership in accordance with a determination or determinations by the Board as to rates of interest and the method of allocation; and"

     8.4                   Rule 1.2.1 is further amended by replacing the sixth dot point of the definition of accumulated member contributions with the following dot point:

                  "• the interest (if any) on these amounts in accordance with a determination or determinations by the Board as to rates of interest and method of allocation."

     8.5                   Rule 1.2.1 is further amended by replacing the fifth dot point of the definition of accumulated unfunded productivity contributions with the following dot point:

                  "• the interest (if any) on these amounts in accordance with a determination or determinations by the Board as to rates of interest and method of allocation."

     8.6                   Rule 1.2.1 is further amended by inserting the following definition in alphabetical order:

                  "amount includes a nil amount."

     8.7                   Rule 1.2.1 is further amended by inserting the following definition in alphabetical order:

                  "cumulative has a meaning affected by Rule 1.2.5."

     8.8                   Rule 1.2.1 is further amended by inserting the following definition in alphabetical order:

                  "interest includes negative or zero interest, and the following words, when used in relation to interest, have a corresponding meaning – accrue, accrued, accruing, accumulate, accumulated, accumulates."

     8.9                   Rule