(1) Chapter 1 of Part 30 of the Principal Act is amended in section 772 -

(a) in subsection (3A) by substituting the following for the construction of "A" in the formula in paragraph (a):

"A is -

(I) the amount equal to the value of the relevant individual's accrued rights under the scheme (including accrued rights which relate to additional voluntary contributions under the scheme) exclusive of any lump sum paid in accordance with subsection (3)(f), or

(II) the amount equal to the value of the relevant individual's accrued rights under the scheme which relate to additional voluntary contributions paid by that individual exclusive of any part of that amount paid by way of lump sum in accordance with subsection (3)(f) in conjunction with the scheme rules, and",

(b) in subsection (3A)(aa) by substituting the following for subparagraph (ii):

"(ii) clause (I) of the construction of 'A' in the formula in paragraph (a) had never been enacted.",