Amount of compensation for retired persons receiving a Commonwealth superannuation benefit
126 Amount of compensation for retired persons receiving a Commonwealth superannuation benefit
The amount of compensation that the Commonwealth is liable, under section 118, to pay for a week to a person who:
has retired voluntarily, or is compulsorily retired, from his or her work; and
receives either or both a pension or lump sum under a Commonwealth superannuation scheme as a result of the retirement;
is worked out in accordance with the following sections:
if the person is receiving only a pension—section 134;
if the person has received only a lump sum—section 135;
if the person is receiving a pension and has received a lump sum—section 136.
The Commission may determine that this section does not apply if a person has applied for a benefit under a Commonwealth superannuation scheme, but has not begun to receive or has not received the benefit (see section 126A).
This Act’s bill:Explanatory memorandumSecond reading speech
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