Document ID: chunk:federal_register_of_legislation:C2004A00865:clause:2_146g:p2
Version: federal_register_of_legislation:C2004A00865
Segment Type: clause
Provision Reference: sch 2 cl 146G (pt 2/2)
Character Range: 38892–40034

assessment concerned.

Reduction of pension
 (6) If an eligible person makes an election under subsection (1) in relation to a pension, the annual rate of the pension is to be reduced in accordance with the method determined by the Board under section 146H. The reduction takes effect from the beginning of the day of the election.

One election per assessment
 (7) An eligible person is not entitled to make more than one election under subsection (1) in relation to a particular assessment.

Elections made before the first pension pay day in a financial year
 (8) If an election under subsection (1) is made during the period:
 (a) beginning at the start of a financial year; and
 (b) ending at the end of the first pension pay day in that year;
this section has effect as if the election had been made on the first day after that pension pay day.

Part of orphan pension
 (9) To avoid doubt, if an orphan pension is apportioned under subsection 115(2), this section has effect, in relation to the portion applicable to a particular child or to particular children, as if a reference to the orphan pension were a reference to that portion.