Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In addition to any requirements in Division 135 in Schedule 1 to the Taxation Administration Act 1953 , the amount of a release authority lump sum paid in relation to a release authority issued to a person must not have the effect that the person's retiring allowance is reduced below zero.
(2) For the purpose of subsection (1), the effect of a release authority lump sum on the amount of the person's retiring allowance is to be worked out after taking account of:
(a) the amount of any surcharge adjustment applicable in relation to the person's retiring allowance under a provision of this Act; and
(b) any reduction under section 22DI (which deals with special payments during deferral period); and
(c) any reduction under Part VAA (which deals with family law splitting).