Commonwealth Numbered Regulations

1981 No. 4 SUPERANNUATION (TRANSFER ARRANGEMENTS) REGULATIONS (AMENDMENT) - REG 4

4. The Superannuation (Transfer Arrangements) Regulations are amended by
adding at the end thereof the following Schedule:
SCHEDULE 3
Regulation 6
MODIFICATIONS-CERTAIN EMPLOYEES OF THE
ANGLO-AUSTRALIAN TELESCOPE BOARD
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Modifications
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  127      Insert after sub-section (1) the following sub-section:


"(1C) In the application of this Division to and in relation to a
person who-

   (a)  becomes an eligible employee on 1 February 1981;

   (b)  is, on that day, employed by the Anglo-Australian Telescope
Board; and

   (c)  was, immediately before so becoming an eligible employee, a
member of the superannuation scheme known as the Anglo-Australian
Telescope Project Staff Superannuation Fund,
his employment by the Anglo-Australian Telescope Board before
becoming an eligible employee shall be deemed to have been
terminated on 31 January 1981 otherwise than on the ground of
invalidity or of physical or mental incapacity to perform the
duties of his employment."
  128      Omit sub-section (5).

Insert before sub-section (6) the following sub-sections:

"(5D) Upon an eligible employee referred to in sub-section 127

(1C) ceasing to be an eligible employee or, if he ceases to be an
eligible employee on more than one occasion, upon his first ceasing
to be an eligible employee, thereshall be added to the period that,
but for this sub- section, would be his period of contributory
service a period equal to-

   (a)  the period that is the quotient, expressed in years and
fractions of ayear, of the number of whole dollars contained in the
employer component of the transfer value payable under the
Anglo-Australian Telescope Project Staff Superannuation Fund in
respect of the eligible employee divided by the number of whole
dollars contained in the amount that is equal to 121/2 per cent of
the annual rate of salary of the employee on 1 February 1981; or

   (b)  the period during which the eligible employee was a member
of the Anglo-Australian Telescope Project Staff Superannuation Fund,
whichever is the lesser period.

"(5E) Where an eligible employee referred to in sub-section 127

(1C) is onleave of absence without pay on 1 February 1981, a
reference in sub-section (5D) to the annual rate of salary of the
eligible employee on that date shall be read as a reference to the
annual rate of salary that would have been payable to the employee
on that date if the employee had not been on leave.".
  130      Omit the section.

  145      Omit the section.