Document ID: chunk:federal_register_of_legislation:C2004A04478:body:0:p33
Version: federal_register_of_legislation:C2004A04478
Segment Type: other
Provision Reference: 
Character Range: 83200–86031

of persons to assist it to reach a decision:

     (a)     whether or not to approve invalidity retirement for a member who has not reached the age of 60; or

   (b)     in relation to the payment of preserved benefits; or

     (c)     in relation to the payment of an invalidity retirement benefit on the ground that a person was totally and permanently incapacitated on his or her last day as a member;

any cost specified in subsection (2) is payable from the Consolidated Revenue Fund, which is appropriated accordingly.

"(2) Each of the following costs is specified for the purposes of subsection (1):

   (a)     any cost incurred in relation to the panel of persons;

     (b)     the cost of any medical examination that the person is required to undergo under the Rules to provide the panel with the medical evidence that it requires for the purpose of assisting the Board.

"(3) Where the Board decides not to approve invalidity retirement for a member, the cost of any rehabilitation program recommended for the member under the Rules and undertaken by the member is payable from the Consolidated Revenue Fund, which is appropriated accordingly.".

PART 5—AMENDMENTS OF THE SUPERANNUATION (PRODUCTIVITY BENEFIT) ACT 1988

Principal Act

66. In this Part, "Principal Act" means the Superannuation (Productivity Benefit) Act 19884.

Interpretation

67. Section 3 of the Principal Act is amended by inserting "(other than superannuation benefits approved under the Superannuation Benefits (Supervisory Mechanisms) Act 1990)" after "superannuation benefits" in paragraph (d) of the definition of "qualified employee" in subsection (1).

Rates of salary

68. Section 3B of the Principal Act is amended by inserting after subsection (1) the following subsection:

"(1A) In working out under subsection (1) the rate of salary of a remainder employee for a pay period, any ongoing compensation payments received by the employee in respect of his or her employment as such an employee during the first pay period mentioned in that subsection are taken to be salary paid to the employee.".

Continuing contributions

69. Section 3C of the Principal Act is amended by inserting after subsection (2) the following subsection:

"(2A) Subject to this section, where a fund employee who is employed on a full-time basis is on leave without pay during the whole or part of a pay period of the employee, the continuing contribution in respect of the employee for the pay period is:

     (a)     if the employee is on leave without pay during the whole of the pay period—nil; or

     (b)     if the employee is on leave without pay for part only of the pay period—the amount worked out using the formula:

     where:

     'Actual salary' means the salary payable to the employee for the pay period;

     'Full-time salary' means