sec.384Adjustment if material change since contribution schedule lot entitlements decided

sec.384 Adjustment if material change since contribution schedule lot entitlements decided

This section applies if an existing scheme has been affected by a material change that happened after the pre-adjustment order entitlements for the scheme were decided. The changed entitlements for the existing scheme must take account of the material change. However, any adjustments of the pre-adjustment order entitlements for the existing scheme to take account of the material change must— be consistent with the deciding principle for the pre-adjustment order entitlements, and just and equitable to the extent the deciding principle allows; or if there is no apparent deciding principle for the pre-adjustment order entitlements, be just and equitable. s 384 ins 2011 No. 9 s 41 (sec.384-ssec.1) This section applies if an existing scheme has been affected by a material change that happened after the pre-adjustment order entitlements for the scheme were decided. (sec.384-ssec.2) The changed entitlements for the existing scheme must take account of the material change. (sec.384-ssec.3) However, any adjustments of the pre-adjustment order entitlements for the existing scheme to take account of the material change must— be consistent with the deciding principle for the pre-adjustment order entitlements, and just and equitable to the extent the deciding principle allows; or if there is no apparent deciding principle for the pre-adjustment order entitlements, be just and equitable.

• (a) be consistent with the deciding principle for the pre-adjustment order entitlements, and just and equitable to the extent the deciding principle allows; or
• (b) if there is no apparent deciding principle for the pre-adjustment order entitlements, be just and equitable.