Document ID: chunk:federal_register_of_legislation:C1951A00049:body:0:p8
Version: federal_register_of_legislation:C1951A00049
Segment Type: other
Provision Reference: 
Character Range: 21186–23850

a pension under section thirty-one or thirty-two of this Act.".

16.—(l.) Section sixty w of the Principal Act is repealed and the following section inserted in its stead:—

Contributions to Provident Account.
"60w.—(1.) The contributions of a contributor to the Provident Account—
       (a) shall be at the rate of One shilling for each pound or part of a pound of each fortnightly payment of salary payable to him; and
       (b) shall be deducted from his salary at each payment of salary.
"(2.) A contributor to the Provident Account shall contribute to that Account as from the date from which he would have been required, under section twelve of this Act, to contribute to the Superannuation Fund if he had become a contributor to that Fund.
"(3.) Where the salary of a contributor to the Provident Account is increased, contributions payable by him shall be payable as from the date from which the increased salary is payable or, if that date is not a pay-day, as from the next succeeding pay-day after that date.
"(4.) Where a contributor to the Provident Account is on leave of absence on the ground of illness, either without pay or at less than full pay, he is liable to pay the contributions which he would have

been liable to pay if he had not been absent, but the Board may, upon his application, permit him to pay those contributions in such smaller sums and during such periods as the Board approves.".
"(5.) Where a contributor to the Provident Account is on leave of absence without pay on a ground other than the ground of illness, that contributor shall not make a contribution in respect of a fortnightly pay day occurring during the period of that leave.
"(6.) The fortnightly salary of a contributor to the Provident Account who is paid salary in respect of periods other than a fortnight shall, for the purposes of this section, be ascertained as prescribed.".
(2.) Contributions to the Provident Account shall be made in accordance with the Principal Act as amended by the last preceding sub-section as from the first day of November, One thousand nine hundred and fifty-one.

Payments on retirement.
17. Section sixty y of the Principal Act is amended—
       (a) by omitting from sub-section (1.) the words "two and one-half" and inserting in their stead the words "two and two-thirds";
       (b) by omitting sub-sections (2.) and (3.) and inserting in their stead the following sub-section:—
       "(2.) Where the sum payable under the last preceding sub-section is less than one-half of the annual rate of salary payable to a contributor to the Provident Account at the date of his retirement, the sum payable to the contributor to