Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:128
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 128
Character Range: 22645–24144

128      Omit subsection (5).
         Insert before subsection (6) the following subsections:
          '(5D) Upon an eligible employee referred to in subsection 127 (1C) ceasing to be an eligible employee or, if he ceases to be an eligible employee on more than one occasion, upon his first ceasing to be an eligible employee, there shall be added to the period that, but for this subsection, would be his period of contributory service a period equal to:
          (a) the period that is the quotient, expressed in years and fractions of a year, of the number of whole dollars contained in the employer component of the transfer value payable under the Anglo-Australian Telescope Project Staff Superannuation Fund in respect of the eligible employee divided by the number of whole dollars contained in the amount that is equal to 12½  per cent of the annual rate of salary of the employee on 1 February 1981; or
          (b) the period during which the eligible employee was a member of the Anglo-Australian Telescope Project Staff Superannuation Fund,
           whichever is the lesser period.

          '(5E) Where an eligible employee referred to in sub-section 127 (1C) is on leave of absence without pay on
         1 February 1981, a reference in subsection (5D) to the annual rate of salary of the eligible employee on that date shall be read as a reference to the annual rate of salary that would have been payable to the employee on that date if the employee had not been on leave.'.