Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_1:p1
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 1/5)
Character Range: 2170709–2174080

1     An interest that a person who has retired on the ground of disability has as a member of the superannuation scheme established by the TS Act.  The method set out in clause 2 of Schedule 4 to the 2001 Regulations for determining the gross value of a pension that is indexed in accordance with the consumer price index, with the modification that the term 'r' in subclause 2 (1) is taken to be zero.

Part 6 State Parliamentary Contributory Superannuation Fund
Division 6.1 Definitions

1 Definitions
  In this Part:
additional percentage component has the meaning given by section 1 of  the State methodology.
basic percentage component has the meaning given by section 1 of the State methodology.
Commonwealth Act means the Parliamentary Contributory Superannuation Act 1948.
Commonwealth office means an office of a Minister of State or office holder within the meaning given by subsection 4 (1) of the Commonwealth Act.
Commonwealth supplement component has the meaning given by section 1 of the State methodology.
Legislative Assembly means the Legislative Assembly of Victoria.
Legislative Council means the Legislative Council of Victoria.
Parliamentary Trustee means the Parliamentary Trustee established by section 11A of the State Act.
State Act means the Parliamentary Salaries and Superannuation Act 1968 (Vic).
State methodology means the methodology approved by the Minister for Finance for Victoria on 23 June 2004 under section 21CD of the State Act.
State office means an office specified in the table in subsection 6 (2) of the State Act.
State Scheme means the scheme constituted by Part II of the State Act.
Division 6.2 Interests in the growth phase

2 Methods and factors for interests in the State Scheme
  For an interest that is in the growth phase in the State Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 5 of this instrument.

Item  Interest                                                                                                   Method
 1    An interest that a member of the Legislative Assembly or the Legislative Council has in the State Scheme.  where:
                                                                                                                 ABP is the person's accrued basic pension multiple at the relevant date calculated, by reference to the person's period of service as a member of the Legislative Assembly or the Legislative Council:
                                                                                                                  (a) by adding:
                                                                                                                  (i) for service that occurred within the first 8 years — 0.0625 × each full year of service plus 0.0625/365 × the number of left‑over days in that period; and
                                                                                                                  (ii) for service that occurred within the next 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