Commonwealth Consolidated Acts

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SUPERANNUATION ACT 1976 - SECT 129

Certain lump sums not included in transfer value may be treated as supplementary contributions

  (1)   Where:

  (a)   a person who becomes an eligible employee has, at any time before becoming an eligible employee, been in employment within or outside Australia;

  (b)   upon the termination of that employment a lump sum became payable to or in respect of him or her on or after 25   May 1971 under a superannuation scheme applicable in relation to that employment; and

  (c)   that lump sum, or a part of that lump sum, is an amount that is based upon contributions by the member and, if subsection   128(1) applies to the person, does not form part of the transfer value referred to in that subsection;

he or she may, within a period of 3 months after the date on which he or she becomes an eligible employee, or within such further period as CSC, in special circumstances, allows, pay to CSC the whole or a part of the amount of that lump sum or that part of that lump sum, as the case may be, and request CSC, in writing, to treat the amount so paid by him or her to CSC as an amount of supplementary contributions paid by him or her under this Act.

  (2)   CSC shall pay the amount so paid to him or her into the Fund, and the amount shall, for the purposes of this Act, be deemed to be an amount of supplementary contributions paid by the person under this Act.



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