Document ID: chunk:federal_register_of_legislation:C2004A04478:body:0:p6
Version: federal_register_of_legislation:C2004A04478
Segment Type: other
Provision Reference: 
Character Range: 12920–15950

of this Act; and".

Costs to be paid from Consolidated Revenue Fund

  15. Section 54ZA of the Principal Act is amended:

     (a)     by omitting from paragraph (a) "subsection 54F(1)" and substituting "subsection 54F(1) or 54JA(2)";

     (b)    by omitting paragraph (b) and substituting the following paragraph:

         "(b) the cost of any medical examination that a person is required to undergo under subsection 54F(3) or 54JA(4);".

Early retirement—voluntary or involuntary retirement

  16. Section 58 of the Principal Act is amended:

   (a) by inserting after subsection (3) the following subsection:

     "(3A) Subsection (3) does not apply to a person who ceases to be an eligible employee in circumstances connected with the sale or transfer of an organisation, business, service or asset, or the transfer of a function, if the person, before ceasing to be an eligible employee:

         (a)     accepted an offer of employment by the purchaser or transferee in connection with the organisation, business, service, asset or function and becomes employed accordingly; or

         (b)     rejected such an offer of employment that was equivalent employment to the position or office the person held immediately before ceasing to be an eligible employee.";

  (b) by adding at the end the following subsection:

     "(5) If the question arises whether employment mentioned in paragraph (3A)(b) is equivalent employment, the Minister may determine the matter.".

Election for lump sum benefit in case of involuntary retirement

17. Section 62 of the Principal Act is amended by omitting from subsection (2) "Where" and substituting "Subject to section 62B, if.

Insertion of new Division

18. After Division 2 of Part V of the Principal Act the following Division is inserted:

"Division 2A—Preservation of benefit payable under subsection 62(2)

Interpretation

  "62A.(1) In this Division:

'accumulated government body contributions', in relation to a person's relevant period of employment, means the total of:

    (a)     the total amount of the productivity contributions applicable to the person in respect of the period; and

    (b)     notional interest on the amount worked out under paragraph (a);

'government body scheme' means a superannuation scheme:

  (a) established by, or operating for the benefit of employees of:

       (i) an authority of the Commonwealth; or

      (ii) a State or an authority of a State; or

      (iii) a Territory or an authority of a Territory; or

         (iv) a body corporate in which the Commonwealth, or a person of the kind referred to in paragraph (i), (ii) or (iii), either individually or in combination with one or more other such persons, has a controlling interest; and

  (b)    that has eligible employees as members; and

    (c)     under which productivity contributions accrue in respect of those eligible employees;

'notional accumulated SG contributions', in relation to a person's relevant period of employment, means an amount equal to the