Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION ACT 1976 - SECT 128AA

Payment to CSC under section 6A of the Superannuation Act 1990

  (1)   Where:

  (a)   a person becomes an eligible employee by making an election under section   6A of the Superannuation Act 1990 ; and

  (b)   the person's accumulated funded contributions are paid to CSC under subsection   6A(4) of that Act;

CSC must pay an amount equal to the person's accumulated funded contributions into the Superannuation Fund.

  (2)   There is to be added to the period that, apart from this subsection, would be the person's period of contributory service, a period equal to:

  (a)   the period during which the person was a member of the Public Sector Superannuation Scheme; or

  (b)   such lesser period as is determined by CSC, in writing, having regard to any time during which the person was engaged in part - time employment or was on leave of absence without pay.

  (3)   CSC is to determine those parts of the amount so paid into the Superannuation Fund that, for the purposes of this Act, are to be regarded as:

  (a)   the person's accumulated basic contributions; and

  (b)   the person's accumulated supplementary contributions; and

  (c)   the person's productivity contributions.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback