Document ID: chunk:federal_register_of_legislation:C2004A01500:body:0:p5
Version: federal_register_of_legislation:C2004A01500
Segment Type: other
Provision Reference: 
Character Range: 10099–12789

Guinea (Staffing Assistance) (Superannuation) Regulations;
    "Termination of Employment Regulations" means the Papua New Guinea (Staffing Assistance) (Termination of Employment) Regulations.
(2) For the purposes of this Part, it is hereby declared that—
(a) an asset held by a Board on behalf of a Fund shall be taken to be an asset of that Fund; and
(b) a liability incurred by a Board on behalf of a Fund shall be taken to be a liability of that Fund.

Savings in relation to Part II.
24. Notwithstanding the repeal of Part II of the Principal Act by this Act—
    (a) a person who was, before 1 July 1976, employed under that Part is entitled, on and after that date, but subject to regulations and determinations made under the Principal Act as amended by this Act (including regulations and determinations referred to in paragraph (b)), to any payments or other entitlements under regulations and determinations referred to in paragraph (b) in respect of that employment to which he would have been en­titled if that Part had not been repealed; and

    (b) regulations and determinations made under section 7 of the Principal Act and in force immediately before 1 July 1976 continue in force as if that section had not been repealed, but—
        (i) regulations so continued in force may be amended or repealed by regulations made under the Principal Act as amended by this Act; and
        (ii) determinations so continued in force may be altered or rescinded by the Minister.

Termination of employment of eligible persons.
25. (1) In this section—
"eligible person" means a person who, immediately before 1 July 1976-
        (a) was a person referred to in paragraph 38(1)(a) of the Principal Act; and
        (b) was employed under Part II of the Principal Act; "maximum age for retirement" has the same meaning as in the Superannuation Regulations.

(2) Where—
    (a) an eligible person had made an election under paragraph 13(1)(b) of the Principal Act before 1 July 1976, whether or not the period of the prescribed notice referred to in sub-section 13 (2) of that Act had expired before that date; or
    (b) an eligible person, other than a person referred to in sub-section (3), (4) or (5), had not made such an election before 1 July 1976,

the employment under Part II of that person shall be deemed to have been terminated immediately before that date in pursuance of such an election.

(3) An eligible person who, before 1 July 1976—

(a) had attained the maximum age for retirement; and

(b) had not made an election under paragraph 13(1)(b) of the Principal Act,

shall be deemed to have retired immediately before that date.

(4) An eligible person who, before 1