Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:111:p8
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 111 (pt 8/16)
Character Range: 55766–58279

number of dollars included in the amount that, for the purposes of the State Act as amended and in force immediately before the transfer day, was the person's annual rate of salary immediately before that day.
         '130C

          (1) This section applies to a prescribed person who:
          (a) except where paragraph (b) applies — while that person was a member of the State scheme; or
          (b) where the person was such a member on more than 1 occasion — while he or she was last such a member;
         abandoned a number of units of pension (not being units that he or she had abandoned and taken up before 1 February 1977 or units that he or she had abandoned by virtue of an election made under subsection 10W (2) of the State Act as amended and in force on or after 13 January 1977) in accordance with the rules of that scheme (in this section referred to as his or her 'abandoned units') that exceeds one half of the number of units (other than units that he or she had at any time abandoned and taken up on or after 1 February 1977) for which he or she was contributing on 30 March 1977 (in this section referred to as his or her 'contributory units').

          '(2) Where a prescribed person to whom this section applies is entitled to standard age retirement pension by virtue of subsection 55 (1) or 55 (2) or standard early retirement pension by virtue of section 59, the annual rate of that pension is the amount per annum that would be payable to that person in accordance with section 130B if:
          (a) he or she were a prescribed person other than a prescribed person to whom this section applies; and
          (b) the number of units for which he or she had been contributing immediately before the transfer day was a number of units for which he or she would have been contributing at that time if he or she had not abandoned any units of pension, other than a unit of pension that he or she had abandoned by virtue of an election made under subsection 10W (2) of the State Act as amended and in force on or after 13 January 1977;
         reduced by an amount in dollars (if any) ascertained in accordance with the formula:

          '(3) For the purposes of the application in relation to a prescribed person to whom this section applies of the formula in subsection (2):
               A is the number of dollars included in the annual rate of pension to which the person would have been entitled under Division 2A of Part IV of the State Act as amended and in force