60Application of Superannuation Acts

#### 60 Application of Superannuation Acts (1) Section 145 of the Superannuation Act 1922 does not apply in relation to the transferring body. (2) The transferring body is not an approved authority for the purposes of the Superannuation Act 1976 unless the body is specified in regulations as mentioned in paragraph (a) of the definition of approved authority in subsection 3(1) of that Act. (3) Subsection 159(1) or (1A) of the Superannuation Act 1976 does not apply to the transferring body so as to render it liable to pay to the Commonwealth, in respect of an amount paid out of the Consolidated Revenue Fund on or after 1 July 1987, an amount exceeding the amount calculated in accordance with the formula:  where: > P is the amount paid out of the Consolidated Revenue Fund; and > CS is the fraction that represents the part of the period of contributory service of the eligible employee within the meaning of that Act to whom the last‑mentioned amount relates that is after 30 June 1987.