Commonwealth Numbered Acts

AUSTRALIAN NATIONAL AIRLINES AMENDMENT ACT 1988 No. 1 of 1988 - SECT 4

4. (1) In this section:

"determination or arrangement" means a determination or arrangement made under
section 159 of the Superannuation Act 1976 and applying to the Australian
National Airlines Commission;

"period of contributory service" has the same meaning as in the
Superannuation Act 1976.

(2) The first determination or arrangement made after the commencement of this
section may be expressed to have effect as if it had been made on 1 July 1987
and, if so expressed, shall be regarded as having been so made.

(3) Where, under subsection (2), a determination or arrangement is to be
regarded as having been made on 1 July 1987, any payments made, since 30 June
1987, by the Commission under subsection 32E (3) of the Principal Act shall be
regarded as having been made by the Commission on account of amounts payable
by it under section 159 of the Superannuation Act 1976 by virtue of the
determination or arrangement.

(4) Subsection 159 (1) or (1A) of the Superannuation Act 1976 does not apply
to the Commission so as to render it liable to pay to the Commonwealth, in
respect of an amount paid out of the Consolidated Revenue Fund on or after 1
July 1987, an amount exceeding the amount calculated in accordance with the
formula:
P X CS where:
P is the amount paid out of the Consolidated Revenue Fund; and
CS is the fraction that represents the part of the period of contributory
service of the eligible employee to whom the last-mentioned amount relates
that is after 30 June 1987.