Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT (No. 2) 1986 No. 151, 1986 - SECT 57

57. (1) Section 137 of the Principal Act is amended by omitting sub-section
(1) and substituting the following sub-section:

"(1) A person who-

   (a)  ceases to be an eligible employee in circumstances to which paragraph
        (b) does not apply and, upon so ceasing, is not entitled to pension
        under this Act or invalidity benefit in accordance with section 69, 72
        or 73; or

   (b)  ceases to be an eligible employee in circumstances by virtue of which
        the person is to be deemed, under sub-section 58 (3), to have retired
        involuntarily, may, not later than 21 days after the person so ceases
        to be an eligible employee, elect, by notice in writing to the
        Commissioner, that this Division apply in relation to the person.".

(2) An election made under sub-section 137 (1) of the Principal Act has
effect, on and after the day on which this Act receives the Royal Assent, as
if it had been made under sub-section 137 (1) of the Principal Act as amended
by this Act.