Commonwealth Numbered Regulations

1985 No. 74 Superannuation (Transfer Arrangements) Regulations Amendment - REG 5

5. The Principal Regulations are amended by adding at the end the following
Schedule:
SCHEDULE 5
Regulation 8
MODIFICATIONS-CHAIRMAN OF THE ADVANCED EDUCATION COUNCIL
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Section    Modifications

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127        Omit, substitute the following section:

'127. In this Division, a reference to the prescribed person is a
reference to the person who-

   (a)  on 4 December 1984, holds the office of the Chairman of the
Advanced Education Council and becomes an eligible employee by
virtue of a direction given by the Commissioner under sub-section
14 (1) of the Act; and

   (b)  was, before so becoming an eligible employee, a member of
the superannuation scheme constituted by the Superannuation Act,
1974 of the State of South Australia.'.
128        Omit from sub-section (1) all the words to and including

'employment, and', substitute 'Where'.
Omit from paragraph (1) (a) 'the eligible employee' and all the
words from and including 'amount of that transfer value',
substitute 'the prescribed person' and 'aggregate of the amounts
that were paid to him under sections 61 and 79 of the Superannuation
Act, 1974 of the State of South Australia; and' respectively.
Omit sub-section (2), substitute the following sub-section:
'(2) The amount paid by the prescribed person to the Commissioner
under=xb-section(1) shall be paid by the Commissioner into the
Superannuation Fund and, for the purposes of this Act, that amount
shall be deemed to be basic contributions paid by the person to the
Commissioner under this Act.'.
Omit sub-sections (3), (4), (5) and (6), substitute the following
sub-section:
'(3) There shall be added to the period that, but for this
sub-section, would be the period of contributory service of the
prescribed person the period commencing on 1 February 1958 and
ending at the expiration of 3 December 1984.'.
129        Omit the section.

130        Omit, substitute the following section:

Exemption from medical examination
'130. Where the prescribed person, in accordance with
sub-section 128 (1),pays to the Commissioner the amount referred to
in that sub-section, section 16 does not apply in relation to the
prescribed person.'.
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