Document ID: chunk:federal_register_of_legislation:F2011C00466:reg:139
Version: federal_register_of_legislation:F2011C00466
Segment Type: reg
Provision Reference: reg 139
Character Range: 26164–27377

139      Omit subsection (1), substitute the following subsection:
         "(1) Where a person:
                  (a) who was, immediately before 20 November 1989, an eligible employee, being employed by AIDC Ltd; and
                  (b) who, on or after that date but before 22 December 1989, becomes a member of either of the following superannuation schemes, namely:
                     (i) The Australian Industry Development Corporation Executive Superannuation Plan; or
                     (ii) The Australian Industry Development Corporation Staff Superannuation Plan;
          and thereby ceases to be an eligible employee;
         makes an election under section 137 as a consequence of so ceasing to be an eligible employee, deferred benefits are, subject to this Division, applicable in respect of the person if, at the time when the person so ceased to be an eligible employee, he or she had completed one year of eligible employment.".
         Insert in subsection (2) "referred to in subsection (1)" after "a person".
         Omit paragraph (2) (b), substitute the following paragraph:
                  "(b) the date of his or her death;".
         Omit subsections (3), (4), (6) and (7).