New South Wales Repealed Regulations

This legislation has been repealed.

POLICE SUPERANNUATION REGULATION 2000 - REG 13D

13D Commutation of superannuation allowances for reduction of benefits

(1) If a benefit that may be taken in the form of a superannuation allowance is to be reduced under this Division, STC may, at its discretion and with the consent of the person to whom the allowance is payable, commute part of the unreduced allowance to a lump sum for the purposes of the payment to STC of the amount of the reduction.

(2) Commutation of part of the superannuation allowance:

(a) does not affect any other right that the person has to commute the allowance under the Act, and

(b) is not to be taken into account for the purpose of determining whether, and to what extent, any such other right may be exercised, and

(c) is to be done on a basis determined by STC.

(3) STC may obtain actuarial advice for the purpose of determining the basis on which part of a superannuation allowance is to be commuted under this section.