(1) Where a person has been paid:
(a) an amount or amounts by way of pension or by way of pension and lump sum benefit to which the person has become entitled under section 55 or 59 or Part VIA or an amount by way of lump sum benefit to which the person has become entitled under section 62, Part VI or VIAB or Subdivision B of Division 2 of Part IX; and
(b) after that amount was, or those amounts were, paid, the person makes an election under section 110T;
the election does not have effect unless an amount equal to that amount or to the aggregate of those amounts, as the case requires, is paid to CSC within 7 days after the date of the election or within such further period as CSC, in special circumstances, allows.
(2) Where an amount is paid to CSC by a person under subsection (1), CSC must pay that amount to the Commonwealth and there must be paid out of the Consolidated Revenue Fund (which is appropriated accordingly) into the Superannuation Fund an amount equal to so much of the amount paid to CSC as is equal to the amount that was paid to the Commonwealth under section 112 at the time that the person ceased to be an eligible employee.