Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 1/2)
Character Range: 2615841–2619349

1     An interest that a person under the age of 65 years has:                                                                                          ARB + DP × PVF
       (a) as a 'Category I' member of the UniSuper fund — to an entitlement to a Disablement pension under clause A.5 of the Deed; or                  where:
       (b) as a 'Category I' member or a 'Category II' of the UniSuper fund — to an entitlement to a Disablement Benefit under clause B.5 of the Deed.  ARB is the value of the accrued retirement benefit in relation to the interest calculated in accordance with:
                                                                                                                                                         (a) for a person who last became a member of the UniSuper fund on or after 1 July 1998 — the method in clause 3 of Schedule 2 to the Regulations; and
                                                                                                                                                         (b) for a person who last became a member of the UniSuper fund before 1 July 1998 — the method in clause 28 of Schedule 2 to the Regulations; and
                                                                                                                                                        except that:
                                                                                                                                                         (c) the words 'as provided by the trustee under section 90XZB or 90YZR of the Act,' in the definition of A in subclause 3 (1) of Schedule 2 to the Regulations, in their application to the method in clause 3 of Schedule 2 to the Regulations for a person who last became a member of the UniSuper fund on or after 1 July 1998, are substituted by the words 'within the meaning given by regulation 65'; and
                                                                                                                                                         (d) the references in fy and fy+1, in their application to the method in clause 3 of Schedule 2 to the Regulations for a person who last became a member of the UniSuper fund on or after 1 July 1998, to the lump sum valuation factors mentioned in the Table in clause 4 of Schedule 2 to the Regulations are taken to be references to the lump sum valuation factors mentioned in Table 1 of Division 105.4; and
                                                                                                                                                         (e) the words 'as provided by the trustee under section 90XZB or 90YZR of the Act,' in the definition of A in subclause 3 (1) of Schedule 2 to the Regulations and in the definition of B in subclause 5 (2) of Schedule 2 to the Regulations, in their application to the method in clause 28 of Schedule 2 to the Regulations for a person who became a member of the UniSuper fund before 1 July 1998, are substituted by the words 'within the meaning given by regulation 65'; and
                                                                                                                                                         (f) the references in fy and fy+1, in their application to the method in clause 28 of Schedule 2 to the Regulations for a person who became a member of the UniSuper fund before 1 July 1998, to the lump sum valuation factors mentioned in the Table in clause 4 of