Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) at the operative time, standard allowance or annuity is not payable in respect of the original interest; and
(b) the original interest is an entitlement to an associate deferred annuity.
(2) The annual rate of that associate annuity (when it becomes payable) is reduced to the amount calculated under the Orders.
Note: Although an associate immediate annuity becomes payable at the operative time, an associate deferred annuity will often not become payable until some time after the operative time.