Document ID: chunk:federal_register_of_legislation:C2004A05281:clause:6_16
Version: federal_register_of_legislation:C2004A05281
Segment Type: clause
Provision Reference: sch 6 cl 16
Character Range: 61710–62159

16  At the end of section 32
Add:
 (3) The amount of the lump sum payment referred to in subsection (2) is:
 (a) if paragraph (b) does not apply—a lump sum payment equal to 1.5 times the amount of the member's contributions; or
 (b) if the member makes an election under subsection 124(1)—a lump sum payment equal to the difference between:
 (i) the lump sum payment referred to in paragraph (a); and
 (ii) the member's surcharge deduction amount.