Document ID: chunk:federal_register_of_legislation:F2024C00260:reg:3:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: reg
Provision Reference: reg 3 (pt 1/2)
Character Range: 841843–848814

3     An interest that a person has in the Scheme if the person is entitled to an associate deferred annuity under subsection 22CD (3) of the Act.   where:
                                                                                                                                                     ADA is the associate deferred annuity that is payable to the person under section 22CE of the Act.
                                                                                                                                                     Fy+m is the factor calculated in accordance with the following formula:
                                                                                                                                                     where:
                                                                                                                                                     Fy is the valuation factor mentioned in Table 58 that applies at the person's age in completed years (y) at the relevant date for the person's gender and type of annuity.
                                                                                                                                                     m is the number of complete months of the person's age at the relevant date that are not included in the person's completed years of age.
                                                                                                                                                     Fy+1 is the valuation factor mentioned in Table 58 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

Division 5.4 Factors

Table A Pension valuation factors for sitting members

Gender  House*  Subject to deferral  Complete years since last HoR election  Last became member of Senate before last HoR election  Relevant Table
Male    HoR     No                   0                                       n/a                                                    1
Male    HoR     No                   1                                       n/a                                                    2
Male    HoR     No                   2 or more                               n/a                                                    3
Male    HoR     Yes                  0                                       n/a                                                    4
Male    HoR     Yes                  1                                       n/a                                                    5
Male    HoR     Yes                  2 or more                               n/a                                                    6
Male    Senate  No                   0                                       No                                                     7
Male    Senate  No                   1                                       No                                                     8
Male    Senate  No                   2 or more                               No                                                     9
Male    Senate  No                   0                                       Yes                                                    10
Male    Senate  No                   1                                       Yes                                                    11
Male    Senate  No                   2 or more                               Yes                                                    12
Male    Senate  Yes                  0                                       No                                                     13
Male    Senate  Yes                  1                                       No                                                     14
Male    Senate  Yes                  2 or more                               No                                                     15
Male    Senate  Yes                  0                                       Yes                                                    16
Male    Senate  Yes                  1                                       Yes                                                    17
Male    Senate  Yes                  2 or more                               Yes                                                    18
Female  HoR     No                   0                                       n/a                                                    19
Female  HoR     No                   1                                       n/a                                                    20
Female  HoR     No                   2 or more                               n/a                                                    21
Female  HoR     Yes                  0                                       n/a                                                    22
Female  HoR     Yes                  1                                       n/a                                                    23
Female  HoR     Yes                  2 or more                               n/a                                                    24
Female  Senate  No                   0                                       No                                                     25
Female  Senate  No                   1                                       No                                                     26
Female  Senate  No                   2 or more                               No                                                     27
Female  Senate  No                   0                                       Yes                                                    28
Female  Senate  No                   1                                       Yes                                                    29
Female  Senate  No                   2 or more                               Yes                                                    30
Female  Senate  Yes                  0                                       No                                                     31
Female  Senate  Yes                  1                                       No                                                     32
Female  Senate  Yes                  2 or more                               No                                                     33
Female  Senate  Yes                  0                                       Yes                                                    34
Female  Senate  Yes                  1                                       Yes                                                    35
Female  Senate  Yes                  2 or more                               Yes                                                    36

* In this table, HoR denotes the House of Representatives

Table B Lump sum valuation factors for sitting members

Gender  House*  Complete years since last HoR election  Last became member of Senate