27
CurrentEffect of benefit reductions on other benefits—the Act, s 45K(j) and (k)
27 Effect of benefit reductions on other benefits—the Act, s 45K(j) and (k)
(1)
STC may commute part of a pension payable to a person referred to in the Act, section 45G(1) if—
(a)
the commutation is for the purposes of paying a family law superannuation entitlement to, or for, the person’s spouse, and
(b)
the amount of the commuted pension is reduced in accordance with section 26.
(2)
A benefit payable under the Act to a person on the death of a contributor whose benefit is reduced as a result of a family law superannuation payment must be based on the amount of the reduced benefit.
(3)
Nothing in this part affects any other right of a person to commute a pension.
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