Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 63

63.(1) Section 110EA of the Principal Act is repealed and the following
section is substituted: Effect of retrospective declaration under section 110E

"110EA. If the Minister makes a declaration under section 110E with
retrospective effect:

   (a)  the amounts paid as productivity contributions in respect of an
        employee to whom the declaration relates in respect of the period
        covered by the declaration; and

   (b)  interest in respect of those amounts; are payable, as soon as
        practicable after the declaration is made, to the fund out of which
        the productivity related benefits to which the employee is entitled as
        mentioned in subsection 110E(2) are payable.".

(2) Section 110EA of the Principal Act as amended by this section applies only
in respect of declarations made after the commencement of this section and,
despite the amendment, section 110EA of the Principal Act continues to apply
in respect of declarations made before that commencement.