(a) In this section -
"accumulated value", in relation to relevant AVC contributions, means -
(i) where the contributions are contributions of a kind referred to in paragraph (i) of the definition of "relevant AVC contributions", the amount which the administrator determines to be equal to the realisable value of the portion of the resources of the scheme that, in accordance with the rules of the scheme, represents those contributions, less the amount of so much of the expenses of the scheme as, under the rules of the scheme, are to be discharged out of that portion, and
(ii) where the contributions are contributions of a kind referred to in paragraph (ii) of the definition of "relevant AVC contributions", the amount which the PRSA administrator determines to be equal to the realisable value of the resources of the PRSA contract that, in accordance with the terms of the contract, represents those contributions, less the amount of the expenses of the contract as, under the terms of
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