Document ID: chunk:federal_register_of_legislation:C2007A00165:clause:6_5
Version: federal_register_of_legislation:C2007A00165
Segment Type: clause
Provision Reference: sch 6 cl 5
Character Range: 32210–33112

5  After subsection 49E(1)
Insert:

Reduction of later standard pensions

 (1A) If:
 (a) the annual rate of a standard pension (the first pension) payable to the member spouse is reduced under subsection (1); and
 (b) after the operative time, another standard pension (the later pension) becomes payable to the member spouse;
then the annual rate of the later pension is reduced to the amount calculated under the Orders.

Reduction in later payments of lump sum amounts

 (1B) If:
 (a) the annual rate of a standard pension payable to the member spouse is reduced under subsection (1); and
 (b) after the operative time, a lump sum amount becomes payable, in respect of the member spouse, under section 32, 48, 48A, 56, 57 or 77;
then the lump sum amount is reduced to the amount calculated under the Orders.

Note: The heading to section 49E is altered by adding at the end "or lump sum amount".