Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:1:p2
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 1 (pt 2/2)
Character Range: 151002–152717

have been, supplementary contributions under this Act; and
    (d) an amount determined by the Commissioner to be equivalent to the interest that accrued on the applied amount while the applied amount stood to the credit of the person in the Fund as supplementary contributions is to be taken:
    (i) to have accrued on basic contributions paid by the person; and
    (ii) not to have accrued on supplementary contributions.

    '(7) Where:
    (a) an eligible person has given a notice of election; and
    (b) an amount equal to the refund has been credited to the person in the Fund as basic contributions in accordance with subsections (3) to (6);
   the person's period of contributory service is extended:
    (c) if the refund consists of an amount paid under section 80 — by the period that was the person's period of contributory service when the person became entitled to that amount; and
    (d) if the refund consists of an amount paid under section 51 or 85 of the superseded Act-by each period that is, under Division 12 of Part XII, a prescribed period of service in respect of the person;
   and, for the purposes of section 130, the person is to be taken to be an eligible employee to whom subparagraph 130 (1) (a) (iii) applies.'.

    '(8) If the Commissioner gives under subsection 157 (3) a direction to cancel an election made under this section, there must be paid to the eligible person out of the Superannuation Fund:

    (a) an amount equal to so much of the refund in relation to the eligible employee as was paid by the Commissioner into that Fund under subsection (4) of this section; and
    (b) the amount of any interest that is payable in respect of the first-mentioned amount.'.