Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1:p2
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 2/5)
Character Range: 2183981–2188106

10 years — 0.025 × each full year of service plus 0.025/365 × the number of left‑over days in that period; and
                                                                                                                  (b) if the Parliamentary Trustee has paid an amount in respect of the interest under section 21CC of the State Act — by subtracting from the amount calculated under paragraph (a) the sum of any basic percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under the State Act becomes payable in respect of the interest.
                                                                                                                 Note   ABP will not exceed 0.75.
                                                                                                                 BasicS is the person's basic salary, within the meaning given by subsection 10 (1) of the State Act, at the relevant date.
                                                                                                                 AARA is the accrued additional retiring allowance, if any, to which the person would be entitled under the Commonwealth Act if:
                                                                                                                  (a) he or she were a member of the House of Representatives or a Senator (and had been such a member during the time he or she was a member of the Legislative Assembly or the Legislative Council); and
                                                                                                                  (b) the time he or she held any State office were time spent in an equivalent Commonwealth office;
                                                                                                                 being the lesser of:
                                                                                                                  (c) the sum of additional retiring allowances the person would have accrued at the relevant date for each Commonwealth office that the person would have held during the person's period of service calculated, for each office, as the product of:
                                                                                                                  (i) the person's accrued additional retiring allowance multiple — being 0.0625 × the number of years, and any fraction of a year, the person served in the State office during that period and, if the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section 21CC of the State Act, that multiple less the sum of any additional percentage components arising from any previous payment splits (calculated in accordance with the State methodology) that would apply after a pension under that Act becomes payable; and
                                                                                                                  (ii) the annual additional salary payable in respect of the equivalent State office under section 6 of the State Act at the relevant date; and
                                                                                                                  (d) whichever of the following applies:
                                                                                                                  (i) if the person would have accrued additional retiring allowance for 1 Commonwealth office only and the Parliamentary Trustee has not paid or transferred an amount in respect of the interest under section 21CC of the State Act — 75% of the annual additional salary payable in respect of the person's State office at the relevant date;
                                                                                                                  (ii) if the person would have accrued additional retiring allowance for 1 Commonwealth office only and the Parliamentary Trustee has paid or transferred an amount in respect of the interest under section