Victorian Current Acts Victorian Current Acts(1) If an election under section 14AG is in operation, the Minister must cause the amount of the lump sum to be paid to the Commissioner of Taxation within the period stated in the superannuation contributions surcharge notice to be applied towards payment of the superannuation contributions surcharge.
S. 14AI(2) amended by No. 23/2008 s. 10(3).
(2) On payment of the lump sum, the pension of a person entitled to receive a pension as the partner or eligible child of the deceased former judge otherwise payable from time to time under this Act must be reduced to the extent determined under section 14AH.
(3) For the purposes of section 14AH—
S. 14AI(3)(a) amended by No. 23/2008 s. 10(3).
(a) the reduction of any future entitlement of the judge's partner or eligible child to a pension must not exceed 15% of—
S. 14AI(3)(a)(i) amended by No. 23/2008 s. 10(3).
(i) an amount equal to the total pension entitlement of the judge and his or her partner and eligible children on the day on which the judge resigned or retired; or
S. 14AI(3)(a)(ii) amended by No. 23/2008 s. 10(4).
(ii) in the case of the judge's death while in office, an amount equal to his or her partner's and eligible children's total pension entitlement on the day on which the judge died; and
(b) the reduction must be a fixed percentage to be applied to the pension entitlement under the Act; and
(c) the reduction must be applied from the day of payment of the lump sum under subsection (1).
S. 14A inserted by No. 85/1987 s. 3(a).