Commonwealth Numbered Acts

SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 138

138. (1) Subject to this Division, where-

   (a)  a person makes an election under section 137; and

   (b)  within the period that is the prescribed period in relation to him,
        he-

        (i)    becomes employed in public employment; and

        (ii)   becomes a member of an eligible superannuation scheme that is
               applicable in relation to persons employed in that employment,
               a transfer value in respect of the person is payable to the
               person administering that scheme.

(2) Sub-section (1) does not apply in relation to a person unless the person
administering the superannuation scheme agrees to accept the transfer value
and, under the rules of the scheme, the first-mentioned person will become
entitled to retirement benefits under the scheme based upon the transfer
value.