Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (8 of 2026)

Schedule 1   Better targeted superannuation concessions

Judges' Pensions Act 1968

42   At the end of section 17AN

Add:

Associate deferred pension

(5) If a release authority lump sum is paid in relation to a release authority issued to a person and an associate deferred pension is payable to the person, the annual rate of the pension is to be reduced so that it equals the amount worked out using this formula:

where:

age factor means the age factor for the person on the day on which the pension becomes payable (see subsection (6)).

pre-reduction rate means the annual rate of the pension that would, apart from this section (but having regard to any other provisions of this Act that affect that rate), be payable to the person.

(6) The regulations may prescribe the age factor, or the method for working out the age factor, for the purposes of subsection (5).

Multiple release authority lump sums

(7) If more than one release authority lump sum is paid in relation to release authorities issued to a Judge or another person, a reference in the formula in subsection (2) or (5) to the release authority lump sum is taken to be a reference to the total amount of those release authority lump sums.