New South Wales Consolidated Acts

TRANSPORT EMPLOYEES RETIREMENT BENEFITS ACT 1967 - SECT 27

27 Calculation of contributions for purposes of sections 23 (3) (d) and 24 (1) (b)

In calculating, for the purposes of paragraph (d) of subsection (3) of section 23, or subparagraph (i) of paragraph (b) of subsection (1) of section 24, the amount of contributions made to the Fund by a contributor, there shall be deducted from the amount of contributions made to the Fund by that contributor the difference between:

(a) the amount of any contributions paid by him in accordance with Scale 1 of the table of contributions contained in Schedule 2 in respect of any portion of the lump sum benefit for which he was contributing, and

(b) the amount of contributions that would have been paid by him in respect of that portion had the contributions been made at the appropriate rate specified in Scale 2 of that table.