Commonwealth Public Service Regulations (Amendment) (Cth)

STATUTORY RULES.

1922. No. 79.

 

COMMONWEALTH PUBLIC SERVICE REGULATIONS (FIFTH AMENDMENT, 1922).

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Commonwealth Public Service Act 1902-1918, to come into operation forthwith.

Dated this first day of June, 1922.

FORSTER,

Governor-General.

By His Excellency’s Command,

J. EARLE,

for Prime Minister.

 

Amendment of Commonwealth Public Service Regulations.

1. Regulation 176 of the Commonwealth Public Service Regulations is amended by adding at the end thereof the following proviso:—

“Provided that in the event of a Company requiring a discharge of a policy in pursuance of regulation 182, the Chief Officer shall deliver the policy to the company.”

2. Regulation 182 of the Commonwealth Public Service Regulations is repealed and the following regulation inserted in its stead:—

“If the person assured remains in the Public Service beyond the age at which any sum becomes payable under such policy, a sum of money equal to the maximum amount for which he is required to be assured under these Regulations:—

(a) shall be held by the Company in which such officer is assured until he retires, or is removed from the Public Service, or departs this life, and until any of those events happens the Company shall pay the officer so assured interest half-yearly on the sum retained at the rate for the time being allowed by the Commonwealth Savings Bank on deposits; or

(b) at the request of the officer assured and upon his giving the Company a discharge of the contract of assurance, shall be paid by the Company into a Trust Fund in the Commonwealth Treasury to be invested on behalf of such officer in any security issued by the Government of the Commonwealth of Australia, and the interest earned on such investment shall be paid to the officer from time to time as directed by the Secretary to the Treasury until the officer retires, or is removed from the Public Service, or departs this life. On the death or removal or retirement of the officer from the Public Service, the securities purchased on his behalf shall be sold by the Secretary to the Treasury, and the net proceeds thereof shall be paid to the officer or in the event of his death to his legal representative.”

   

Printed and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.