16Effect of benefit reductions on pensions and other benefits—the Act, s 61WD(j) and (k)

16 Effect of benefit reductions on pensions and other benefits—the Act, s 61WD(j) and (k)

16 Effect of benefit reductions on pensions and other benefits—the Act, s 61WD(j) and (k)

(1) STC may commute part of a pension payable to a contributor for the purposes of payment of the family law superannuation entitlement of a non-contributor spouse.

(2) If STC commutes part of a pension, the amount of the pension must be reduced in accordance with section 15.

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

(4) Nothing in this Part affects other rights of a contributor or other person to commute a pension or part of a pension under the Act.