Disqualification of contributor
2 Disqualification of contributor
In this clause, university means a university established by an Act.
A person who is appointed on or after the appointed day as a professor of a university and becomes a contributor ceases to be a contributor if he or she becomes a party to any scheme or arrangement to which the university is also a party and under which he or she is, or may become, entitled to any pension, annuity, lump sum or other payment on retirement from professorship.
A person—
who is an employee of a university and a contributor, and
who becomes a party to any scheme or arrangement to which the university is also a party and under which he or she is, or may become, entitled to any pension, annuity, lump sum or other payment on retirement as such an employee,
ceases to be a contributor on becoming a party to that scheme or arrangement.
Subclauses (2) and (3) have effect in relation to a person who ceases to be a contributor as if the person had ceased to be a contributor by reason of resignation from the service of an employer.
This Act’s bill:Explanatory memorandum
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