Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)
Schedule 10 Administrative streamlining
Part 4 Early release of benefits
Superannuation Act 1976
95 Subsection 79A(1)
available early release authority amount , in relation to a person at a particular time, means the amount worked out by:
(a) starting with the person's early release authority amount at that time; and
(b) subtracting from the result of paragraph (a) the person's early release deduction amount at that time; and
(c) adding to the result of paragraph (b) the lesser of:
(i) the amount referred to in paragraph (a) of the definition of early release amount ; and
(ii) the modified early release deduction amount in relation to the person at the time.
Note 1: The result of paragraph (b) may be less than nil.
Note 2: Subparagraph (c)(i) is affected by subsection (2).
early release authority amount , in relation to a person at a particular time, means the sum of the amounts referred to in paragraphs (b) to (e) of the definition of early release amount .
Note: This definition is affected by subsection (2).