Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1991 No. 130, 1991 - SECT 38

38. Section 112 of the Principal Act is amended:

   (a)  by omitting from subsection (1) "sub-section (3) and (4A)" and
        substituting "subsections (3), (4A) and (10A)";

   (b)  by inserting after subsection (10) the following subsections:

"(10A) Where payment of a pension to a person is postponed under subsection
110TA (2), subsection (1) does not apply in relation to the person.

"(10B) Subject to subsection (10C), where a pension, being a pension the
payment of which has been postponed under subsection 110TA (2), becomes
payable to or in respect of a person, the accumulated contributions of the
person must be paid out of the Superannuation Fund into the Consolidated
Revenue Fund.

"(10C) Where a person who has postponed payment of a pension under subsection
110TA (2) dies and a benefit by way of a lump sum benefit equal to the
person's accumulated contributions becomes payable in respect of the person
out of the Superannuation Fund, subsection (10B) does not apply in relation to
the person.".