Document ID: chunk:federal_register_of_legislation:C1971A00046:body:0:p61
Version: federal_register_of_legislation:C1971A00046
Segment Type: other
Provision Reference: 
Character Range: 141698–144312

Act.
"(6.) If the person makes an election in accordance with sub-section (2.) of the last preceding section—
     (a) the Commonwealth or the authority shall assign the life policy or life policies to the Board;
     (b) the assignment shall be deemed to constitute an assignment of the policy or policies to the Board by the person in accordance with sub-section (3.) of the last preceding section; and
     (c) the person is not liable to pay any amount to the Commonwealth or the authority under sub-section (2a.) of section seven of this Act.

Payments by Commonwealth.
"119ze.—(1.) Subject to this section, section thirty-three of this Act applies in relation to a payment of a transfer value under section one hundred and nineteen v of this Act in respect of a person who has been a contributor to the Fund as if that payment were a payment of pension.

"(2.) In the application of section thirty-three of this Act in relation to payment of a deferred benefit, the reference in sub-section (7.) to Two hundred and eight dollars shall be read as a reference to such amount as the Board determines.
"(3.) Where the Commonwealth is required to make a payment by reason of section thirty-three of this Act in respect of a payment of a deferred benefit, sections ninety-nine and one hundred and six, and sub-section (3.) of section one hundred and nineteen, of this Act apply in relation to that payment by the Commonwealth.
"(4.) Subject to the succeeding provisions of this section, where a payment is made of a transfer value under section one hundred and nineteen v, or of a deferred benefit under section one hundred and nineteen w, of this Act in respect of a person who has been a contributor to the Provident Account, the Commonwealth shall pay to the Provident Account an amount equal to two-thirds of the payment.
"(5.) The amount by which a deferred benefit by way of a pension is increased in pursuance of sub-section (5.) of section one hundred and nineteen t of this Act is payable from the Fund without contribution by the Commonwealth.
"(6.) Where—
     (a) an amount has been paid to the Fund or to the Provident Account under Division 2 of this Part in respect of a person; and
     (b) a benefit is subsequently paid under this Act to or in respect of the person, being a benefit consisting of—
          (i) a fortnightly instalment of a pension (including a pension constituting or forming part of any deferred benefits referred to in section one hundred and nineteen w of this Act);
          (ii) a sum referred to in section eighty-two or section eighty-three of this Act (including a sum