Document ID: chunk:federal_register_of_legislation:C2024C00825:section:119k:p2
Version: federal_register_of_legislation:C2024C00825
Segment Type: section
Provision Reference: s 119K (pt 2/2)
Character Range: 346580–348487

the person shall not be required or permitted to contribute to the Fund at that time in respect of units of pension.
 (3) If at any time the number of units of pension for which a person in relation to whom this section applies would, but for this Division, be required to contribute to the Fund exceeds the sum referred to in subsection (2), the person shall not be required or permitted to contribute to the Fund at that time in respect of a number of units of pension greater than the excess.
 (4) A determination made for the purposes of this section in relation to a person who has not made an election under section 24 may specify different numbers of units of pension as having been equivalent to the amount of a transfer value or the total of the amounts of any transfer values, or as having been equivalent to any pension or deferred benefits, according to whether or not the person makes such an election after the determination is made.
 (5) Where:
 (a) a transfer value became payable to or in respect of a person in accordance with paragraph (a) of subsection (1) of section 119H; and
 (b) a transfer value of a greater amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that subsection;
the amount of the first‑mentioned transfer value shall not be taken into account for the purposes of paragraph (a) of subsection (2) of this section.
 (6) Where:
 (a) a transfer value became payable to or in respect of a person in accordance with paragraph (a) of subsection (1) of section 119; and
 (b) a transfer value of a smaller amount would have become so payable but for the doing of, or the failure to do, any act or thing referred to in paragraph (b) of that subsection;
the amount of the last‑mentioned transfer value shall not be taken into account for the purposes of paragraph (a) of subsection (2) of this section.