Document ID: chunk:federal_register_of_legislation:C2004A05281:clause:6_34
Version: federal_register_of_legislation:C2004A05281
Segment Type: clause
Provision Reference: sch 6 cl 34
Character Range: 69592–70693

34  At the end of section 74
Add:
 (2) If:
 (a) the surcharge debt account of a person who ceases to be an eligible member of the Defence Force is in debit when a transfer value becomes payable to the person; and
 (b) the person makes an election under subsection 124(1);
the amount of the transfer value is the difference between:
 (c) the amount determined by the Authority as provided in subsection (1); and
 (d) the person's surcharge deduction amount.
 (3) If:
 (a) the surcharge debt account of a person who ceases to be an eligible member of the Defence Force is in debit when a transfer value becomes payable to the person; and
 (b) the person does not make an election under subsection 124(1); and
 (c) the person's surcharge deduction amount exceeds the amount of the person's productivity superannuation benefit;
the amount of the transfer value is the difference between:
 (d) the amount determined by the Authority as provided in subsection (1); and
 (e) the amount by which the person's surcharge deduction amount exceeds the amount of the person's productivity superannuation benefit.