Commonwealth Consolidated Acts

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SUPERANNUATION ACT 1976 - SECT 146A

Simplified outline

    The following is a simplified outline of this Part:

  If a person is receiving a pension and becomes liable to pay surcharge under an assessment, the person may elect to commute the whole or a part of the pension.

  If an election is made, the person will be entitled to a lump sum benefit.

  The lump sum benefit must be used to pay the surcharge.

  If an election is made, the pension will be reduced.



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