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Superannuation (CSS) Transfer Arrangements Regulations
Sch 3Modifications — Certain employees of the Anglo–Australian Telescope Board
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Schedule 3 Modifications — Certain employees of the Anglo–Australian Telescope Board
(regulation 6)
| Modifications | |
|---|---|
| Section | |
| 127 | Insert after subsection (1) the following subsection: |
| ‘(1C) In the application of this Division to and in relation to a person who:(a) becomes an eligible employee on 1 February 1981;(b) is, on that day, employed by the Anglo-Australian Telescope Board; and(c) was, immediately before so becoming an eligible employee, a member of the superannuation scheme known as the Anglo-Australian Telescope Project Staff Superannuation Fund,his employment by the Anglo-Australian Telescope Board before becoming an eligible employee shall be deemed to have been terminated on 31 January 1981 otherwise than on the ground of invalidity or of physical or mental incapacity to perform the duties of his employment.’. | |
| 128 | Omit subsection (5).Insert before subsection (6) the following subsections: |
| ‘(5D) Upon an eligible employee referred to in subsection 127 (1C) ceasing to be an eligible employee or, if he ceases to be an eligible employee on more than one occasion, upon his first ceasing to be an eligible employee, there shall be added to the period that, but for this subsection, would be his period of contributory service a period equal to:(a) the period that is the quotient, expressed in years and fractions of a year, of the number of whole dollars contained in the employer component of the transfer value payable under the Anglo-Australian Telescope Project Staff Superannuation Fund in respect of the eligible employee divided by the number of whole dollars contained in the amount that is equal to 12½ per cent of the annual rate of salary of the employee on 1 February 1981; or(b) the period during which the eligible employee was a member of the Anglo-Australian Telescope Project Staff Superannuation Fund,whichever is the lesser period.‘(5E) Where an eligible employee referred to in sub-section 127 (1C) is on leave of absence without pay on1 February 1981, a reference in subsection (5D) to the annual rate of salary of the eligible employee on that date shall be read as a reference to the annual rate of salary that would have been payable to the employee on that date if the employee had not been on leave.’. | |
| 130 | Omit the section. |
| 145 | Omit the section. |