NSWIn ForceAct
Superannuation Act 1916
10AIUnits taken up at exit day
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#### 10AI Units taken up at exit day
10AI Units taken up at exit day
> > (1) The contribution of a contributor referred to in section 10R (1) in respect of an additional unit of pension shall, if the contributor’s exit day is on or after the first day of the contribution period in which the contributor would attain or has attained the maturity age, be the cost of the unit.
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> > (2) Where—
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> > > (a) an election by a former employee or a former employee’s spouse or de facto partner under section 10Z to take up an abandoned unit takes effect, and
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> > > (b) the former employee’s exit day is on or after the first day of the contribution period in which the former employee would attain or has attained the maturity age,
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> > the contribution payable in respect of the unit shall be the cost of the unit.
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> **s 10AI:** Ins 1976 No 101, Sch 3 (3). Am 1993 No 111, Sch 6 (14).