s. 14AC (b) the reduction of any future entitlement of the S. 14AB(4)(b) judge's partner or eligible child to a pension amended by No. 23/2008 must not exceed 15% of an amount equal to s. 10(3). the total pension entitlement of the judge's partner and eligible children on the day on which the judge resigned, retired or died while in office; and (c) each reduction referred to in paragraph (a) and (b) must be a fixed percentage to be applied to the pension entitlement under the Act and, if paragraphs (a) and (b) both apply, the percentage must be the same; and (d) each reduction must be applied from the entitlement day according to paragraph (a) or (b). 14AC Actuary's second calculation after election of the S. 14AC inserted by judges to commute pensions and payment of lump No. 19/2001 sums s. 13. (1) If an election under section 14AA is in operation, S. 14AC(1) amended by a former judge or, if he or she has died, the judge's No. 23/2008 partner or eligible child must, within 60 days after s. 10(3)(4). the day on which a superannuation contributions surcharge notice was issued in respect of the judge's pension or his or her partner's or eligible child's pension, lodge with the Minister— (a) a notice that authorises the Minister to pay S. 14AC(1)(a) amended by the lump sum that is equal to the No. 23/2008 superannuation contributions surcharge on s. 10(3). behalf of the former judge or his or her partner or eligible child to the Commissioner of Taxation to be applied wholly towards payment of the superannuation contributions surcharge; and (b) a copy of the superannuation contributions surcharge notice.
S. 14AB(4)(b) amended by No. 23/2008 s. 10(3). (b) the reduction of any future entitlement of the judge's partner or eligible child to a pension must not exceed 15% of an amount equal to the total pension entitlement of the judge's partner and eligible children on the day on which the judge resigned, retired or died while in office; and (c) each reduction referred to in paragraph (a) and (b) must be a fixed percentage to be applied to the pension entitlement under the Act and, if paragraphs (a) and (b) both apply, the percentage must be the same; and (d) each reduction must be applied from the entitlement day according to paragraph (a) or (b). S. 14AC inserted by No. 19/2001 s. 13. 14AC Actuary's second calculation after election of the judges to commute pensions and payment of lump sums s. 14AC S. 14AC(1) amended by No. 23/2008 s. 10(3)(4). (1) If an election under section 14AA is in operation, a former judge or, if he or she has died, the judge's partner or eligible child must, within 60 days after the day on which a superannuation contributions surcharge notice was issued in respect of the judge's pension or his or her partner's or eligible child's pension, lodge with the Minister— S. 14AC(1)(a) amended by No. 23/2008 s. 10(3). (a) a notice that authorises the Minister to pay the lump sum that is equal to the superannuation contributions surcharge on behalf of the former judge or his or her partner or eligible child to the Commissioner of Taxation to be applied wholly towards payment of the superannuation contributions surcharge; and (b) a copy of the superannuation contributions surcharge notice.
58-6230a158.docx