39Reduction in contributions payable by certain members

39 Reduction in contributions payable by certain members

39.1 In this section, a reference to a share of a member in the Supplementary Superannuation Benefits Fund means the part of that Fund as determined by the actuary that is attributable to the contributions of the member to that Fund.

39.2 If a member who was an eligible member within the meaning of Part V at the commencing date does not elect not to contribute to the Fund, the share of the member in the Supplementary Superannuation Benefits Fund is, at the discretion of the Council, acting with the advice of the actuary:

 (a) to be paid to a member; or

 (b) to be transferred to the Fund.

39.3 If the Council determines that the share of a member in the Supplementary Superannuation Benefits Fund is to be transferred to the Fund, it must be applied, as determined by the Council, towards reducing the amount that the member would otherwise have to pay to the Fund under section 38.

39.4 The share of a member in the Supplementary Superannuation Benefits Fund must be determined:

 (a) in the case of a member referred to in paragraph 38.2(a)—at whichever of the dates referred to in that paragraph that the member chooses to apply for the purposes of ascertaining his or her age; and

 (b) in the case of a member referred to in paragraph 38.3(a)—at whichever of the dates referred to in that paragraph that the member chooses to apply for the purposes of ascertaining his or her age; and

 (c) in the case of a member referred to in paragraph 38.2(b) or 38.3(b)—at the date of the notice referred to in whichever of those paragraphs is applicable to the member; and

 (d) in the case of a member referred to in paragraph 38.2(c) or 38.3(c)—at the date 6 months after the date of commencement of the Amendment Statute.