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

97   Subsection 79A(1)


modified early release deduction amount , in relation to a person at a particular time, means the total of the following:

(a) the amount of each early release lump sum previously paid to or for the benefit of the person under subsection 79B(1);

(b) interest on the amount of each such early release lump sum for the period beginning at the time the early release lump sum is paid and ending at the particular time.