OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
PART II
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SUPERANNUATION FUNDS
Division 1
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General
REGULATION 18A
18A
COMMUTATION FACTORS
For the purposes of subsection 7(1) of the Act, a superannuation fund must not, without the approval in writing of the Commissioner, use a factor for converting a superannuation pension payable to a person, being a pension that does not meet the pension and annuity standards, to a lump sum that is greater than the pension valuation factor that would be applicable to the pension under Schedule 3 if the commencement day of the pension were the day on which it is commuted.
View history note
Hide history noteFor the purposes of subsection 7(1) of the Act, a superannuation fund must not, without the approval in writing of the Commissioner, use a factor for converting a superannuation pension payable to a person, being a pension that does not meet the pension and annuity standards, to a lump sum that is greater than the pension valuation factor that would be applicable to the pension under Schedule 3 if the commencement day of the pension were the day on which it is commuted.
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