Commonwealth Numbered Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION AMENDMENT ACT 1978 No. 41, 1978 - SECT 16

16. Section 20A of the Principal Act is amended by adding at the end thereof
the following sub-section:

''(3) Where a person who has contracted with the Trust under sub-section (1)
of this section to pay an amount to the Commonwealth elects under sub-section
(3) of section 18B to convert a percentage of the retiring allowance to which
he is entitled into a lump sum payment, there shall be deducted from that lump
sum payment so much of the amount as remains to be paid under the contract
and, upon the deduction being made, the person is, to the extent of the amount
deducted, discharged from further liability to make payments under the
contract.''.
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