Commonwealth Numbered Acts

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SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 65

Lump sum benefit payable on commutation.
65. (1) Where a person makes an election under section 64 to commute a pension
to which this Division applies, there shall be paid to the person a lump sum
benefit equal to his accumulated contributions and-

   (a)  he is not entitled to the pension; and

   (b)  spouse's additional pension is not payable under sub-section 93 (1) to
        a spouse of the person.

(2) Where a lump sum benefit is payable under sub-section 57 (2) or 61 (2) to
a person who has made or makes an election under section 64, sub-section (1)
of this section has effect in relation to him as if the reference in that
sub-section to his accumulated contributions were a reference to the amount of
those contributions reduced by the amount of the lump sum benefit payable
under sub-section 57 (2) or 61 (2). 


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