Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Act 2013 (82 of 2013)

Schedule 4   Sustaining the superannuation contribution concession: consequential amendments

Part 2   Amendment of the Parliamentary Contributory Superannuation Act 1948

4   Subsection 18B(17)

Repeal the subsection, substitute:

(17) If:

(a) a person makes an election under subsection 18A(1) in relation to his or her retiring allowance; or

(b) the amount of the person's retiring allowance is reduced in accordance with section 22SE to reflect a release authority lump sum (within the meaning of Part VC);

the person is not entitled to make a subsequent election under subsection (3) of this section in relation to the retiring allowance.