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Public Sector Superannuation Reform Regulations 2017
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Turn the raw legal text into a practical explanation grounded in Public Sector Superannuation Reform Regulations 2017.
(1) A contributor or pensioner may make payments to his or her surchargeable contributions debt account to reduce in full or in part the balance of that account.
(2) A payment made under subregulation (1) by a contributor or pensioner is taken not to be a contribution for the purposes of these regulations.
(3) A payment made under subregulation (1) by an Agency on behalf of a contributor or pensioner as part of his or her remuneration is taken to be a contribution by that Agency for the purposes of these regulations.
(4) On receipt of a payment under this regulation, the Commission must –
(a) credit the surchargeable contributions debt account of the relevant contributor or pensioner with that amount; and
(b) take any other action required under the law of the Commonwealth relating to the surcharge liability.