Document ID: chunk:federal_register_of_legislation:C2024C00651:section:19aaa:p2
Version: federal_register_of_legislation:C2024C00651
Segment Type: section
Provision Reference: s 19AAA (pt 2/2)
Character Range: 99659–100351

to the spouse following consultation with an actuary. The reduction takes effect from the beginning of the day of the election.
 (7) A method determined by the Trust under subsection (6) is to be a method that, having regard to:
 (a) the age of the spouse when the election is made under subsection (1); and
 (b) other relevant factors (if any);
is applicable for the purpose of working out, in relation to the spouse, the rate by which the annuity would have to be reduced to discharge a liability equal to the surcharge commutation amount.

One election per assessment
 (8) A spouse is not entitled to make more than one election under subsection (1) in relation to a particular assessment.