Document ID: chunk:federal_register_of_legislation:C2024C00825:section:119zc:p6
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 119ZC (pt 6/6)
Character Range: 425912–427372

the sum of the amounts of the annual premiums, applicable at that time under the life policy or life policies assigned by him to the Board in accordance with subsection (3) or issued in relation to him in accordance with subsection (4).
b is the amount, or the sum of the amounts, payable by him under the superannuation scheme referred to in subsection (4) immediately before he ceased to be a member of that scheme in respect of the annual premium or the annual premiums under the life policy or life policies assigned by him to the Board in accordance with subsection (3).
c is the amount of the annual premium, or the sum of the amounts of the annual premiums, applicable under the life policy or life policies assigned by him to the Board in accordance with subsection (3) immediately before he ceased to be a member of the superannuation scheme referred to in subsection (4).
 (16) This section does not apply to or in relation to a person who becomes an employee on or after 1 July 1976.
 (17) Subsection (4) does not apply in relation to an increase in the salary of an employee that occurs on or after 1 July 1976.
 (18) A person shall not be required to pay an amount to the Commonwealth under subsection (6) on or after 1 July 1976 unless the obligation to pay that amount is in relation to a time before 1 July 1976.
 (19) Subsections (7), (8) and (9) do not apply to or in relation to a person who ceases to be an employee on or after 1 July 1976.