Commonwealth Numbered Acts

SUPERANNUATION ACTS AMENDMENT ACT 1978 No. 17, 1978 - SECT 24

24. After section 7 of the Principal Act the following section is inserted:
Accumulated basic and supplementary contributionsadditional amounts
''7A. (1) Where-

   (a)  a person ceases to be an eligible employee and, upon his so ceasing,
        invalidity pension becomes payable to him in accordance with
        section 67 or 70; and

   (b)  his entitlement to the pension is cancelled under sub-section 76 (1)
        upon his again becoming an eligible employee, then, upon his next
        ceasing to be an eligible employee, there shall be added to the amount
        that, but for this sub-section, would be the amount of his
        accumulated basic contributions an amount equal to the amount paid to
        the Fund under sub-section 112 (5) in respect of the person upon his
        again becoming an eligible employee as referred to in paragraph (b),
        together with the amount of any interest that, in accordance with the
        regulations, is payable in respect of the amount.

''(2) Where-

   (a)  a person ceases to be an eligible employee and, upon his so ceasing,
        deferred benefits become applicable in relation to him by virtue of
        Division 3 of Part IX;

   (b)  a deferred benefit does not become payable to him; and

   (c)  those deferred benefits cease, by virtue of paragraph 144 (1) (b), to
        be applicable in relation to the person upon his again becoming
        an eligible employee, then, upon his next ceasing to be
        an eligible employee-

   (d)  there shall be added to the amount that, but for this sub-section,
        would be the amount of his accumulated basic contributions an amount
        equal to the amount that was his accumulated basic contributions upon
        his ceasing to be an eligible employee as referred to in paragraph
        (a), together with the amount of any interest that, in accordance with
        the regulations, is payable in respect of the amount; and

   (e)  there shall be added to the amount that, but for this sub-section,
        would be the amount of his accumulated supplementary contributions an
        amount equal to the amount that was his accumulated supplementary
        contributions upon his ceasing to be an eligible employee as referred
        to in paragraph (a), together with the amount of any interest that, in
        accordance with the regulations, is payable in respect of the amount.

''(3) Where-

   (a)  a person ceases to be an eligible employee and, upon his so ceasing,
        deferred benefits become applicable in relation to him by virtue of
        Division 3 of Part IX;

   (b)  those deferred benefits cease to be applicable in relation to the
        person upon a deferred benefit by way of invalidity pension becoming
        payable to him in accordance with section 67 or 70;

   (c)  the person does not, before again becoming an eligible employee,
        become entitled to deferred benefit by way of invalidity benefit
        otherwise than in accordance with section 67 or 70; and

   (d)  his entitlement to deferred benefit is cancelled under sub-section 76
        (1) upon his again becoming an eligible employee, then, upon his next
        ceasing to be an eligible employee, there shall be added to the amount
        that, but for this sub-section, would be the amount of his
        accumulated basic contributions an amount equal to the amount paid to
        the Fund under sub-section 112 (9) in respect of the person upon his
        entitlement to deferred benefit being cancelled under sub-section 76
        (1), together with the amount of any interest that, in accordance with
        the regulations, is payable in respect of the amount.

''(4) Where-

   (a)  a person ceases to be an eligible employee and, upon his so ceasing,
        deferred benefits become applicable in relation to him by virtue of
        Division 3 of Part IX;

   (b)  those deferred benefits cease to be applicable in relation to the
        person upon a deferred benefit by way of invalidity pension becoming
        payable to him in accordance with section 67 or 70;

   (c)  his entitlement to the deferred benefit is cancelled under sub-section
        143 (2) and deferred benefits again become applicable in relation to
        him;

   (d)  the person does not, before again becoming an eligible employee,
        become entitled to deferred benefit by way of invalidity benefit
        otherwise than in accordance with section 67 or 70; and

   (e)  those deferred benefits cease, by virtue of paragraph 144 (1) (b), to
        be applicable in relation to the person upon his again becoming
        an eligible employee, then, upon his next ceasing to be
        an eligible employee, there shall be added to the amount that, but for
        this sub-section, would be the amount of his
        accumulated basic contributions an amount equal to the amount paid, or
        last paid, to the Fund under sub-section 112 (9) in respect of the
        person upon his entitlement to deferred benefit being cancelled under
        sub-section 143 (2), together with the amount of any interest that, in
        accordance with the regulations, is payable in respect of the
        amount.''.