Document ID: chunk:federal_register_of_legislation:F2005C00642:reg:128
Version: federal_register_of_legislation:F2005C00642
Segment Type: reg
Provision Reference: reg 128
Character Range: 24807–25866

128      Omit from subsection (1) all the words to and including 'employment, and', substitute 'Where'.

         Omit from paragraph (1) (a) 'the eligible employee' and all the words from and including 'amount of that transfer value', substitute 'the prescribed person' and 'aggregate of the amounts that were paid to him under subsection 32 (2) and section 51 of the superseded Act; and' respectively.
         Omit subsection (2), substitute the following subsection:

          '(2) The amount paid by the prescribed person to the Commissioner under subsection (1) shall be paid by the Commissioner into the Superannuation Fund and, for the purposes of this Act, that amount shall be deemed to be basic contributions paid by the person to the Commissioner under this Act.'.
         Omit subsections (3), (4), (5) and (6), substitute the following subsection:
          '(3) There shall be added to the period that, but for this subsection, would be the period of contributory service of the prescribed person the period specified in paragraph 127 (b).'.