New South Wales Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1971 - SECT 26BA

26BA Other payments to Fund by former federal members

(1) This section applies to a member:

(a) whose combined years of actual service as a member and former federal member will be at least 7 years on the day for the taking of the poll at the next general election following the date when the member became a member (the "general election day"), and

(b) who, under section 26B, paid into the Fund an amount of lump sum benefit received by the member as a federal member, and

(c) whose period of service as a member for the purposes of this Act (including any additional period as referred to in section 26C (2)) as at the general election day is less than 7 years.

(2) On the written application of a member to whom this section applies, the trustees must determine, after receiving actuarial advice, the additional amount that would be payable (the "additional amount") in order to increase the aggregate period of service of the member as a member to 7 years on the general election day.

(3) A member to whom this section applies may pay to the Fund an amount that is, or amounts that in total are, equal to the additional amount.

(4) A payment under this section must be made:

(a) if the member was a member on the commencement of this section-not later than 3 months after that commencement, or

(b) if the member was not a member on the commencement of this section-not later than 3 months after the date of becoming a member, or

(c) within such further period as the trustees may determine in respect of the member.