Commonwealth Numbered Acts

OCCUPATIONAL SUPERANNUATION (REASONABLE BENEFIT LIMITS) AMENDMENT ACT 1990 No. 61, 1990 - SECT 16

16. Section 27AB of the Principal Act is amended:

   (a)  by inserting in subparagraph (3) (b) (i) "and reduced by the
       amount of the excessive component (if any)" after "increased by

the UUPP amount";

   (b)  by inserting in subparagraph (3) (b) (ii) "reduced by the
       amount of the excessive component (if any)" after "the amount of

the ETP";

   (c)  by adding at the end the following subsection:

"(7) Where:

   (a)  subsection (6) applies to an ETP; and

   (b)  the ETP has an excessive component;
each of the parts of the ETP referred to in paragraphs (6) (a) and

   (b)  are taken to include an excessive component of an amount
calculated in accordance with the formula:
PART ETP
           EC     X    -------

ETP
where:
EC is the excessive component of the ETP;
PART ETP is the part of the ETP referred to in paragraph (6) (a) or (b), as
the case requires;
ETP is the amount of the ETP.".