Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of subsections 15K (1) and 15L (1) of the Act, the period within which the Commissioner must determine whether a benefit is in excess of the reasonable benefit limits and, if it is, the extent to which it exceeds those limits is:
(a) if the notice under subsection 15G (1) of the Act is received before 1 May 1991 -- the period of 12 months after the day on which the notice is received, reduced by the number of days between 1 July 1990 and the day on which the notice is received; or
(b) in any other case -- 60 days after receiving the notice.
(2) For the purposes of subsection 15K (6) of the Act, the period within which the Commissioner must revise a determination is:
(a) if the notice under subsection 15J (1) of the Act is received before 1 May 1991 -- the period of 12 months after the day on which the notice is received, reduced by the number of days between 1 July 1990 and the day on which the notice is received; or
(b) in any other case -- 60 days after receiving the notice.
(3) For the purposes of subsection 15K (7) of the Act, the period within which a person may elect to commute a superannuation pension or annuity is 6 months after the commencement day of the pension or annuity.
(4) For the purposes of subsection 15K (7) of the Act, the period within which the Commissioner must make a revised determination is:
(a) if notice of the commutation is received before 1 May 1991 -- the period of 12 months after the day on which the notice is received, reduced by the number of days between 1 July 1990 and the day on which the notice is received; or
(b) in any other case -- 60 days after receiving notice of the commutation.
(5) For the purposes of subsection 15K (8) of the Act, the period within which the Commissioner must revise a determination is:
(a) if the applicant has applied to the Commissioner before 1 May 1991 for revision of the determination -- the period of 12 months after the person has applied to the Commissioner for revision of the determination, reduced by the number of days from the beginning of 1 July 1990 to the end of the day on which the application was made; or
(b) if the applicant has applied to the Commissioner on or after 1 May 1991 for revision of the determination -- the period of 60 days after the person has applied to the Commissioner for revision of the determination.