Full legislation
s.31Y
Long service payment to be reduced by amount of gratuities and benefits in certain cases
(1)
This section applies
if—
(a)
an employee becomes entitled to payment of a long service payment under
this Part; and
(b)
any of the following conditions is
met—
(i)
because of the operation of the employee’s contract of employment, one
or more gratuities based on length of service have been paid to the
employee;
(ii)
because of the operation of that contract, one or more employer-funded
(specified) ORS benefits have been paid to the employee;
(iii)
one or more employer-funded (voluntary) MPFS benefits are being held in
one or more mandatory provident fund schemes in respect of the employee, or
have been paid to or in respect of the employee.
(2)
The long service payment is to be reduced by the aggregate amount of every one
of the gratuities and benefits referred to in subsection
(1
)(
b)
to the
extent that it relates to the employee’s years of service for which the long service
payment is payable.