Commonwealth Numbered Regulations

1989 No. 16 SUPERANNUATION (FORMER ELIGIBLE EMPLOYEES) REGULATIONS (AMENDMENT) - REG 5

5. The Principal Regulations are amended by adding at the end the following
Schedule:
SCHEDULE 3
Regulation 6
MODIFICATIONS-EMPLOYEES OF AEROSPACE TECHNOLOGIES OF AUSTRALIA PTY LTD
------------------------------------------------------------------------------
-- Section   Modifications

------------------------------------------------------------------------------
-- 137       Omit subsections (3) and (4).

138       Omit the section.

139       Omit subsection (1), substitute the following subsection:


"(1) Where a person:

   (a)  who was, immediately before 1 March 1989, an eligible
employee, being employed by Aerospace Technologies of Australia Pty
Ltd; and

   (b)  who, on or after that date but before 1 April 1989, becomes a
member of a superannuation scheme known as the Aerospace Employees
Superannuation Fund and thereby ceases to be an eligible employee;
makes an election under section 137 as a consequence of so ceasing to
be an eligible employee, deferred benefits are, subject to this
Division, applicable in respect of the person if, at the time when the
person so ceased to be an eligible employee, he or she had completed
one year of eligible employment.".
          Insert in subsection (2) "referred to in subsection (1)" after "a

person".
Omit paragraph (2) (b), substitute the following paragraph:

"(b) the date of his or her death;".
Insert in paragraph (2) (c) "when the person has ceased to be
          employed by Aerospace Technologies of Australia Pty Ltd and" after


"being a date".
Omit paragraph (2) (d), substitute the following paragraphs:

"(d) if the person is not employed by Aerospace Technologies of
Australia Pty Ltd on the day on which the person attains the age of 65
years-the day on which the person attains that age;

   (e)  if the person is employed by Aerospace Technologies of
Australia Pty Ltd on the day on which the person attains the age of 65
years-the day immediately following the day on which the person ceases
to be so employed.".
Omit subsections (3), (4), (6) and (7).
139A      Omit the section.

141       Omit the section.