Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_146mg
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 146MG
Character Range: 624853–625644

146MG  Operative time during payment phase—reduction of pension
 (1) If, at the operative time, standard pension is payable in respect of the original interest, then the annual rate of that pension is reduced to the amount calculated under the Orders.
 (2) If, at the operative time, additional pension is payable in respect of the original interest, then the annual rate of that pension is reduced to the amount calculated under the Orders.
 (3) A reduction under this section is to be disregarded in calculating the amount of any non‑standard pension that later becomes payable.
Note: For example, the reduction will be disregarded in calculating the amount of orphan pension payable in respect of the child of the member spouse after the member spouse's death.

Division 4—Miscellaneous