Victorian Consolidated Legislation

County Court Act 1958 - SECT 14AD

Election of former judges to commute pensions for payment of superannuation contributions surcharge

14AD. Election of former judges to commute pensions for payment of
superannuation contributions surcharge





(1) If no election under section 14AA is in operation, a former judge who is
entitled to receive a pension under this Act may elect to have part of his or
her pension and that of his or her partner or eligible child, if any, commuted
to provide a lump sum for the purposes of payment of the whole or part of the
liability for the superannuation contributions surcharge arising because of
the entitlement of the former judge or his or her partner or eligible child to
receive a pension under this Act.

(2) An election under subsection (1) must-

   (a)  be made in writing to the Minister within 60 days after the day on
        which a superannuation contributions surcharge notice is issued in
        respect of a former judge's pension or his or her partner's or
        eligible child's pension; and

   (b)  specify the amount of the lump sum (not exceeding the superannuation
        contributions surcharge) to be provided by the commutation of the
        pensions; and

   (c)  authorise the Minister to pay the lump sum on behalf of the former
        judge or his or her partner or eligible child to the Commissioner of
        Taxation to be applied wholly towards payment of the superannuation
        contributions surcharge; and

   (d)  be accompanied by a copy of the superannuation contributions surcharge
        notice.