Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT (No. 2) 1986 No. 151, 1986 - SECT 52

52. (1) Section 112 of the Principal Act is amended-

   (a)  by omitting from sub-section (1) ", (4)";

   (b)  by omitting sub-section (4);

   (c)  by inserting in sub-section (5) ", less an amount equal to the amount
        of his or her accumulated supplementary contributions upon his or her
        last
ceasing to be an eligible employee," after " eligible employee" (second
occurring);

   (d)  by omitting from sub-section (6) "sub-sections (7) and (8)" and
        substituting "sub-section (7)";

   (e)  by omitting sub-section (8); and

   (f)  by inserting in sub-section (9) "or her, less an amount equal to the
        amount of his or her accumulated supplementary contributions upon that
deferred benefit becoming payable to him or her," after "payable to him".

(2) Section 112 of the Principal Act is amended by adding at the end the
following sub-section:

"(10) Where a person makes an election under section 139A, the accumulated
contributions of the person shall be paid out of the Superannuation Fund into
the Consolidated Revenue Fund.".