Superannuation (Amendment) Act 1952 (NSW)

SUPERANNUATION (AMENDMENT) ACT.

A ct No. 43 , 19S2.

Biaabethn, All Act to amend the Superannuation Act, 1916,

Ho. ^^952. Superannuation (Amendment) Act,

1951, and certain other Acts in certain respects; and for purposes connected there­ with. [Assented to, 25th November, 1952.]

T>E it enacted by the Queen’s Most Excellent Majesty, -D by and with the advice and consent of the Legis­ lative Council and Legislative Assembly of New South "Wales in Parliament assembled, and by the authority of the same, as follows:—

Bbort title	1 . (1) This Act may be cited as the “ Superannuation
«nd

citatioi.	(Amendment) Act, 1952.”
(2) The Superannuation Act, 1916, as amended by subsequent Acts and by this Act, may be cited as the Superannuation Act, 1916-1952.
Amendment

c f Act No. 2 . (1) The Superannuation Act, 1916, as amended by

28,1916. subsequent Acts, is amended—

Bee. 15a.	(a) by inserting in paragraph (b) of subsection eight
unite.)

(Eeserve

of section 15a after the words “ equal to” the

words “ the difference between” ;

(b) by inserting in the same paragraph after the words “ such additional unit” where firstly occurring the words “ and the amount of the contributions (together with the interest thereon arising under this section) made in respect of the reserve unit by the contributor pursuant to section three of the Superannuation (Amend­ ment) Act, 1951” .

Awendment

of Act No. 53,	(2) The Superannuation (Amendment) Act, 1951,
1951, sec. 4.

(Additional	is amended by inserting next after subsection two of
payment by	section four the following new subsection:—
cmployeTB in

respect of	(2a) Where after the commencement of this Act
increase in

rate of	any pension becomes payable under the Principal
pension, etc.)
Act to a pensioner or to the widow of a deceased pensioner or contributor and the pensioner, deceased

pensioner

Crown Lands (Special Leases) Amendment Act. 26S

pensioner or contributor became a contributor after **>• 4^962,

such commencement, the employer in whose service

such pensioner or deceased pensioner was employed

at the date of his retirement or retrenchment or in

whose service such contributor was employed at the

date of his death shall pay to rhe fund at monthly

or such other intervals as may be determined by the

Board and on the requisition of l he Board an amount

' equal to four-fiftlis of the difference between the amount of the pension so payable and the amount of pension which would have been so payable had section two of this Act not been enacted.

(3) The amendments made by subsections one and two of this section shall be deemed to have commenced on the first day of January, one thousand nine hundred and fifty-two.