Document ID: chunk:federal_register_of_legislation:C2005C00508:clause:2_5
Version: federal_register_of_legislation:C2005C00508
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 109314–109912

5  Subsection 52ZCA(1) (definition of value of real assets)
Repeal the definition, substitute:

value of real assets means:
 (a) if neither subparagraph 52ZA(1)(e)(ii) nor subparagraph 52ZA(2)(e)(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 52ZA(1)(e)(ii) or (2)(e)(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 52ZA(3)(c).