Commonwealth Numbered Acts

SUPERANNUATION AMENDMENT ACT 1976 No. 32, 1976 - SECT 33

33. Section 52 of the Principal Act is amended-

(a) by inserting in sub-section (1), after the word ''employment'', the
words ''before 1 July 1976'';

   (b)  by inserting in sub-sections (4), (5), (6), (8) and (9), after the
        word
''Board'' (wherever occurring), the words ''(or, on and after 1 July 1976, the
Commissioner for Superannuation)'';

   (c)  by omitting from sub-sections (8) and (9) the word ''Fund'' (wherever
        occurring) and substituting the words ''Commissioner for
        Superannuation''; and

   (d)  by omitting sub-section (10) and substituting the following
        sub-section:-

''(10) The Commissioner for Superannuation shall pay amounts paid to him under
sub-sections (8) and (9) of this section into the new Superannuation Fund,
and, in the case of an amount or amounts paid to him under sub-section (9) in
respect of payments of pension received by a person, that amount, or the sum
of those amounts, so paid to him, and paid by him into the new Superannuation
Fund, shall, to the extent that it exceeds the difference between the sum of
those payments of pension and the sum of the amounts paid out of the
Consolidated Revenue Fund in respect of those payments of pension, be paid
from the new Superannuation Fund into the Consolidated Revenue Fund.''.