Document ID: chunk:federal_register_of_legislation:C2005C00508:clause:1_16
Version: federal_register_of_legislation:C2005C00508
Segment Type: clause
Provision Reference: sch 1 cl 16
Character Range: 4190–4789

16  Subsection 1135A(1) (definition of value of real assets)
Repeal the definition, substitute:

value of real assets means:
 (a) if neither subparagraph 1133(1)(d)(ii) nor subparagraph 1133(2)(d)(ii) applied to the person when the person made his or her request to participate in the pension loans scheme—the value of the real assets (after deduction of any guaranteed amount); or
 (b) if subparagraph 1133(1)(d)(ii) or (2)(d)(ii) applied to the person when the person made his or her request to participate in the pension loans scheme—the value of the charge referred to in paragraph 1133(3)(c).