Document ID: chunk:federal_register_of_legislation:C2004A05281:clause:6_124
Version: federal_register_of_legislation:C2004A05281
Segment Type: clause
Provision Reference: sch 6 cl 124
Character Range: 72553–73726

124  Election relating to surcharge deduction amount
 (1) A member of the scheme whose surcharge debt account is in debit when benefits (other than deferred benefits) become payable to the member under this Act may, not earlier than 3 months before, and not later than one year after, that benefit becomes payable, elect in writing that those benefits (instead of any productivity superannuation benefit payable to the member) be adjusted to take the member's surcharge deduction amount into account.
 (2) If the surcharge debt account of a member of the scheme is in debit when a benefit becomes payable in respect of the member under subsection 48(1) or 48A(2), then:
 (a) the personal representative or a personal representative of the member; or
 (b) if there are no personal representatives of the member—a person determined by the Authority for the purposes of that subsection;
may, not earlier than 3 months before, and not later than one year after, that benefit becomes payable, elect in writing that that benefit (instead of any productivity superannuation benefit payable to the member) be adjusted to take the member's surcharge deduction amount into account.