Commonwealth Numbered Acts

SUPERANNUATION ACTS AMENDMENT ACT 1978 No. 17, 1978 - SECT 64

64. Section 157 of the Principal Act is amended by adding at the end thereof
the following sub-section:

''(3) Where-

   (a)  a person makes an election (whether before or after the commencement
        of this sub-section) under section 62, 64, 68, 69, 71, 72, 83, 84, 86,
        87, 92 or 137;

   (b)  the person who made the election, or another person (being a person
        who is prescribed or included in a prescribed class of persons), makes
        an application to the Commissioner not later than 3 months after the
        day on which the election is made or the day on which this sub-section
        comes into operation, whichever is the later, or within such further
        period as the Commissioner, in special circumstances, allows,
        requesting that the Commissioner cancel the election; and

   (c)  the Commissioner, having regard to such matters (if any) as are
        prescribed and such other matters as he considers relevant, is
        satisfied that the election should be cancelled, the Commissioner may
        direct that the election shall be cancelled and, if he so directs,
        this Act has effect as if the election had not been made.''.