Document ID: chunk:federal_register_of_legislation:C2004A03392:body:0:p46
Version: federal_register_of_legislation:C2004A03392
Segment Type: other
Provision Reference: 
Character Range: 114188–116802

of the operation of sub-section (2) of section 119r, came into operation on a day earlier than the day on which the instrument of declaration was published in the Gazette,

         to an amount equal to the sum of the amount that, but for this sub-paragraph, would be the amount of the transfer value and an amount of compound interest calculated thereon—
              (C) in respect of the period commencing on the day next following the day on which the person so ceased to be a contributor and ending on 30 June 1976—at the rate of interest that is from time to time the prescribed rate of compound interest determined in accordance with section 90 of this Act; and
              (d) in respect of the period commencing on 1 July 1976 and ending on the expiration of the period of 14 days after the day on which the Commissioner calculates that compound interest—at the rate at which interest is from time to time calculated in accordance with regulations made for the purposes of the definition of 'accumulated basic contributions' in sub-section (1) of section 3 of the Superannuation Act 1976; or
     (b) in the case of a person in respect of whom that transfer value has become payable because of an election under section 119wc—to an amount equal to the sum of the amount that would be the amount of the transfer value payable in respect of that person if that transfer value had become payable in respect of the person because of the operation of section 119v and had been determined under sub-paragraph (1) (a) (i) of this section and an amount of compound interest calculated thereon—
         (i) in respect of the period commencing on the day next following the day on which the person so ceased to be a contributor and ending on 30 June 1976—at the rate of interest that is from time to time the prescribed rate of compound interest determined in accordance with section 90 of this Act; and
         (ii) in respect of the period commencing on 1 July 1976 and ending on the expiration of the period of 14 days after the day on which the Commissioner calculates that compound interest—at the rate at which interest is from time to time calculated in accordance with regulations made for the purposes of the definition of 'accumulated basic contributions' in sub-section (1) of section 3 of the Superannuation Act 1976.
"(1a) If a payment was made under the Superannuation (Distribution of Surplus) Act 1974, or was or is made under section 176 of the Superannuation Act 1976, to a person referred to in sub-paragraph (1) (a) (ii) or paragraph (1) (b), the amount of compound interest referred to in