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SUPERANNUATION AMENDMENT ACT 1976 No. 32, 1976 - SECT 72
Transfer value.
72. Section 119S of the Principal Act is amended by inserting after paragraph
(c) of sub-section (2) the following paragraphs:-
''(ca) in the case of a person, being a prescribed employee within the meaning
of Division 3 of Part VIA, who is a contributor to the Provident Account, the
payment to the Provident Account that would have been made by the Commonwealth
if, upon the payment by the employee to the Board under sub-section (1) of
section 100L of this Act, the Commonwealth had paid to the Provident Account
an amount ascertained by multiplying the amount so paid by a factor 1 less
than the factor applicable in relation to the employee in accordance with
sub-section (5) of that section;
''(cb) in the case of a person, being a prescribed employee within the meaning
of Division 3 of Part VIIA, who is a contributor to the Provident Account, the
payment to the Provident Account that would have been made by the Commonwealth
if, upon the Board paying to the Provident Account an amount in respect of the
employee under paragraph (a) of sub-section (4) of section 107M of this Act,
the Commonwealth had paid to the Provident Account-
(i) if sub-section (6) of that section applies in relation to the
employee-an amount ascertained by multiplying the amount so
paid by a factor 1 less than the factor applicable in
accordance with sub-section (6) of that section in relation to
the employee; or
(ii) if sub-section (7) of that section applies in relation to the
employee-in respect of each part of the amount so paid being a
part in relation to which paragraph (c) of that sub-section
applies, an amount ascertained by multiplying the amount of
that part by a factor 1 less than the factor applicable, for
the purposes of sub-section (5) of that section, in relation to
that part;''.
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