29DReduction of benefits of member spouses

29D Reduction of benefits of member spouses

29D Reduction of benefits of member spouses

(1) The trustees may reduce the amount of any benefit payable under this Act to or in respect of a member spouse (or a spouse or de facto partner of a member spouse) if a family law superannuation entitlement is paid or payable to or in respect of the non-member spouse under the family law superannuation legislation or this Part or the regulations.

(2) A preserved or deferred benefit may be reduced under this section.

(3) A pension may be reduced under this section even though payment of the pension first commenced before the payment of the amount to or in respect of the non-member spouse.

(4) The benefit is to be reduced in accordance with the regulations and any applicable provisions of the family law superannuation legislation.

s 29D: Ins 2003 No 77, Sch 5 [4].