61WCReduction of benefits of contributor spouses

61WC Reduction of benefits of contributor spouses

61WC Reduction of benefits of contributor spouses

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

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

s 61WC: Ins 2003 No 77, Sch 12 [11].