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s 13G

Limit on release authority lump sum

In force
Part 5Reduction of pension entitlement to pay tax debts

13G Limit on release authority lump sum

(1)

In addition to any requirements in Division 135 of Schedule 1 to the Commonwealth Act, payment of a release authority lump sum must not have the effect that a pension recipient's entitlements under this Act are reduced below zero.

(2)

For subsection (1), the effect of a release authority lump sum on a pension recipient's entitlements is to be calculated after taking account of any of the following reductions to the recipient's entitlements:

(a)

a reduction after a commutation under section 3E;

(b)

a reduction resulting from action taken under section 16.

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