Document ID: chunk:federal_register_of_legislation:F1997B02279:body:0:p3
Version: federal_register_of_legislation:F1997B02279
Segment Type: other
Provision Reference: 
Character Range: 5042–6198

of whom, additional benefits were payable on the commencing day is greater in value than his pensioner component, the prescribed benefits payable to or in respect of that person shall be taken by the person making the determination under sub-regulation (3) to be the prescribed benefits that would be so payable if—
      (a) the liability component of the prescribed person were of the same value as his pensioner component; and
      (b) the value of the benefits payable to or in respect of the prescribed person that were a charge upon the existing Fund immediately before the commencing day were unchanged.
(3) For the purposes of sub-section 176 (2) of the Act, prescribed benefits that the person for the time being performing the duties of the Australian Government Actuary determines, in accordance with actuarial principles and practice, would, on the commencing day, have been regarded as becoming payable to or in respect of each prescribed person on or after that day shall be treated as if they were a charge upon the existing Fund immediately before the commencing day.

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