Commonwealth Numbered Acts

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SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 129

Certain lump sums not included in transfer value may be treated as supplementary contributions.
129. (1) Where-

   (a)  a person who becomes an eligible employee has, at any time before
        becoming an eligible employee, been in employment within or outside
        Australia;

   (b)  upon the termination of that employment a lump sum became payable to
        or in respect of him on or after 25 May 1971 under a
        superannuation scheme applicable in relation to that employment; and

   (c)  that lump sum, or a part of that lump sum, is an amount that is based
        upon contributions by the member and, if sub-section 128 (1) applies
        to the person, does not form part of the transfer value referred to in
        that sub-section, he may, within a period of 3 months after the date
        on which he becomes an eligible employee, or within such further
        period as the Commissioner, in special circumstances, allows, pay to
        the Commissioner the whole or a part of the amount of that lump sum or
        that part of that lump sum, as the case may be, and request the
        Commissioner, in writing, to treat the amount so paid by him to the
        Commissioner as an amount of supplementary contributions paid by him
        under this Act.

(2) The Commissioner shall pay the amount so paid to him into the Fund, and
the amount shall, for the purposes of this Act, be deemed to be an amount of
supplementary contributions paid by the person under this Act. 


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