Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT (No. 2) 1986 No. 151, 1986 - SECT 20

20. After section 57 of the Principal Act the following section is inserted in
Division 1 of Part V: Age retirement pension on election under section 76A

"57A. Where a person-

   (a)  makes an election under section 76A; and

   (b)  would, if he or she had retired otherwise than on the ground of
        invalidity, have been entitled to a standard age retirement pension
        under section 55, then, on the day on which the person ceases to be
        entitled to an invalidity pension because of the election, the person
        becomes entitled to-

   (c)  standard age retirement pension at the rate that would have been the
        rate of that pension at the time of the election if he or she had
        retired otherwise than on the ground of invalidity; and

   (d)  if the person did not make an election under section 68 or 71 at the
        time of his or her retirement, additional age retirement pension in
        accordance with sub-section 57 (1) as if his or her accumulated
        contributions consisted only of his or her accumulated basic
        contributions.".