27Effect of benefit reductions on other benefits—the Act, s 45K(j) and (k)

27 Effect of benefit reductions on other benefits—the Act, s 45K(j) and (k)

27 Effect of benefit reductions on other benefits—the Act, s 45K(j) and (k)

(1) STC may commute part of a pension payable to a person referred to in the Act, section 45G(1) if—

(a) the commutation is for the purposes of paying a family law superannuation entitlement to, or for, the person’s spouse, and

(b) the amount of the commuted pension is reduced in accordance with section 26.

(2) A benefit payable under the Act to a person on the death of a contributor whose benefit is reduced as a result of a family law superannuation payment must be based on the amount of the reduced benefit.

(3) Nothing in this part affects any other right of a person to commute a pension.