Document ID: chunk:federal_register_of_legislation:C2004A04478:body:0:p14
Version: federal_register_of_legislation:C2004A04478
Segment Type: other
Provision Reference: 
Character Range: 33919–36668

employees;

'notional accumulated SG contributions', in relation to a person's relevant period of employment, means an amount equal to the sum of:

    (a)     the person's SG minimum contributions in relation to that period as reduced by an amount specified in, or worked out in accordance with, a determination made by the Australian Government Actuary under subsection (4); and

    (b)     notional interest on the amount worked out under paragraph (a);

'other vested benefit', in relation to a person, means the value that the Commissioner, having regard to the advice of the Australian Government Actuary, determines to be the value that the benefits paid or payable in respect of the person's relevant period of employment would have if the total amount of these benefits were taken not to include:

    (a) the amount equal to the total of whichever of the following amounts is, or are, applicable:

         (i) the amount equal to that part of the accumulated employer contributions in respect of the person that is based on the operation of paragraphs 110Q(l)(a) and (b) in relation to productivity contributions paid or payable after 30 June 1992;

         (ii) the amount equal to that part of an amount paid by or in respect of the person that is based on the operation of paragraphs 110Q(1)(e) and (0 in relation to payments made under section 110L in relation to any period commencing after 30 June 1992;

         (iii) the amount equal to that part of an amount paid by or in respect of the person that is based on the operation of paragraphs 110Q(1)(e) and (0 in relation to payments made under section 110M in relation to any period commencing after 30 June 1992;

         (iv) the amount equal to that part of an amount paid by or in respect of the person that is based on the operation of paragraphs 110Q(1)(e) and (f) in relation to payments made under section 110MA in relation to any period commencing after 30 June 1992;

  (b) the amount equal to that part of the person's accumulated

     contributions based on contributions that became payable, by the person, after 30 June 1992;

'period of actual contributory service', in relation to a person, means the person's period of contributory service other than any part of that period added by the operation of subsection 128(5) that is not attributable to a transfer value previously paid under Division 3 of Part IX;

'productivity contribution' means:

    (a)     in relation to a person who is a productivity employee within the meaning of Part VIA—a productivity contribution within the meaning of that Part (other than an amount taken to be a productivity contribution by virtue of the operation of paragraph 128(2)(c)); or

    (b)     in relation to any other