Commonwealth Numbered Acts

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SUPERANNUATION LEGISLATION AMENDMENT ACT 1991 No. 130, 1991 - SECT 48

Deferred benefits
48. Section 136 of the Principal Act is amended:

   (a)  by inserting after paragraph (2) (e) the following paragraph:
       "(ea)   if:


   (i)  a deferred benefit by way of invalidity pension is payable to the
        person under section 67 or 70 but a deferred benefit by way of a lump
        sum benefit is not so payable; and

   (ii) productivity benefit became payable in respect of the person when he
        or she ceased to be an eligible employee; the deferred benefit is to
        include a lump sum benefit equal to the person's accumulated employer
        contributions;";

   (b)  by inserting after paragraph (2B) (b) the following paragraph:
       "(ba)   if:


   (i)  a deferred benefit by way of spouse's pension is payable in respect of
        the person under section 82 or 85 but a deferred benefit by way of a
        lump sum benefit is not so payable; and

   (ii) productivity benefit became payable in respect of the person when he
        or she ceased to be an eligible employee; the deferred benefit is to
        include a lump sum benefit equal to the person's accumulated employer
        contributions;";

   (c)  by inserting after paragraph (2B) (r) the following paragraph:
       "(ra)   if:


   (i)  a deferred benefit by way of orphan pension is payable in respect of
        the person under section 98 or 100 but a deferred benefit by way of a
        lump sum benefit is not so payable; and

   (ii) productivity benefit became payable in respect of the person when he
        or she ceased to be an eligible employee; the deferred benefit is to
        include a lump sum benefit equal to the person's accumulated employer
        contributions;". 


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