Document ID: chunk:federal_register_of_legislation:C2018A00080:clause:1_17am
Version: federal_register_of_legislation:C2018A00080
Segment Type: clause
Provision Reference: sch 1 cl 17AM
Character Range: 7251–7978

17AM  Limit on amount that may be released
 (1) In addition to any requirements in Division 135 in Schedule 1 to the Taxation Administration Act 1953, the amount of a release authority lump sum paid in relation to a release authority issued to a Judge must not have the effect that the Judge's retirement pension is reduced below zero.
 (2) For the purpose of subsection (1), the effect of a release authority lump sum on the amount of the Judge's retirement pension is to be worked out after taking account of:
 (a) any adjustment applicable to the Judge's retirement pension under section 6B or 6C (which deals with surcharge debt); and
 (b) any reduction under sections 17AA to 17AJ (which deal with family law splitting).