Document ID: chunk:federal_register_of_legislation:C2024C00825:section:119t:p2
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 119T (pt 2/3)
Character Range: 382576–385037

pension or lump sum would be payable;
 (c) the circumstances in which the deferred benefits would cease to be applicable in respect of the person and the amount of any benefit that would be payable to or in respect of the person in the event of the occurrence of those circumstances;
 (d) the respective rates of mortality and invalidity that are assumed, for the purposes of the advice, to apply in relation to the person; and
 (e) the rates of interest that it is assumed, for the purposes of the advice, will be earned by the assets of the Fund.
 (5) Where a deferred benefit by way of a pension that is applicable in respect of a person who has made an election under section 24 becomes payable not earlier than one month after the person attains the age of sixty years, so much of the pension as is attributable to units of pension the contributions for which were at a rate based on a maximum age for retirement of sixty years shall be increased by the amount by which it would have been increased under section 44 if the pension had been payable under the provisions of this Act other than this Part.
 (6) Where, by reason of the giving of a notice by a person under paragraph (c) of subsection (2) of section 119W, a deferred benefit by way of a pension becomes payable to the person after he attains the age of sixty years but before he attains the age of sixty‑five years:
 (a) if the person is not a person to whom such a pension had previously been paid by reason of the Board having been satisfied that he had ceased to engage in employment by reason of invalidity or of physical or mental incapacity to perform the duties of his employment and is a person who had, before the deferred benefit became payable, elected to receive, in lieu of the pension that would otherwise constitute the benefit, a refund of his contributions—the benefit shall consist of such a refund; or
 (b) in any other case:
 (i) subject to subparagraph (ii), the amount of the pension, to the extent (if any) to which it is attributable to units of pension the contributions for which were at a rate based upon a maximum age for retirement of sixty‑five years and to non‑contributory units of pension, shall be reduced by such amount as the Board determines; or
 (ii) he may contribute to the Fund (or, on or after 1 July 1976, to the Commonwealth) in a lump sum, or in such smaller sums and at such times as the Board approves, such amount as the Board considers necessary