Document ID: chunk:federal_register_of_legislation:C2024C00825:section:119j:p3
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 119J (pt 3/5)
Character Range: 337584–340044

to the Fund at that time in respect of a number of units of pension greater than the excess; and
 (e) nothing in this Act shall be taken to require or permit a reduction in the number of units of pension for which the person is a contributor to a number that is less than the number of units of pension for which he is to be deemed by paragraph (b) to have completed payment of contributions.
 (4) A determination made for the purposes of paragraph (b) or paragraph (c) of subsection (3) in relation to a person who has not made an election under section 24 may specify different numbers of units of pension as having been equivalent to the amount of a transfer value, or the total of the amounts of any transfer values, or as having been equivalent to any pension or deferred benefits, according to whether or not the person makes such an election after the determination is made.
 (5) Where:
 (a) a transfer value became payable to or in respect of a person in accordance with paragraph (a) of subsection (1) of section 119H; and
 (b) a transfer value of a greater amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that subsection;
the amount of the last‑mentioned transfer value shall be taken into account for the purposes of subparagraph (ii) of paragraph (c) of subsection (3) of this section only to the extent to which it was greater than the amount of the first‑mentioned transfer value.
 (6) Where:
 (a) a transfer value became payable to or in respect of a person in accordance with paragraph (a) of subsection (1) of section 119H; and
 (b) a transfer value of a smaller amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that subsection;
the amount of the last‑mentioned transfer value shall not be taken into account for the purposes of subparagraph (ii) of paragraph (c) of subsection (3) of this section.
 (7) Where the person is a contributor to the Provident Account:
 (a) so much of the amount paid to the Board as is equal to the employee component of the transfer value, or to the sum of the employee components of the transfer values, as the case may be, shall be paid by the Board into the Provident Account;
 (b) the amount so paid into the Provident Account shall, to the extent to which it was payable to the person upon the termination of the employment in respect of which the