Commonwealth Consolidated Acts

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SUPERANNUATION ACT 1976 - SECT 80B

Election not to have pension adjusted to take surcharge deduction amount into account

  (1)   A person:

  (a)   who, by virtue of an election ( first election ) under this Act, is entitled to a lump sum benefit under section   65, 68 or 71; and

  (b)   whose surcharge debt account is in debit when the benefit becomes payable to him or her;

may, within the period during which the first election may be made, by notice in writing given to CSC, elect not to have any pension payable to the person adjusted to take the person's surcharge deduction amount into account.

  (2)   However, a person may not make an election under this section if the person has given CSC a written notice under paragraph   146RB(2)(c).



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