Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:3_38
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 3 cl 38
Character Range: 459909–460771

38  Conversion of accrued benefit multiple
 (1) For the purpose of calculating the value of PVls under subclause 35(2), 36(2) or 37(2) of this Schedule, if the accrued benefit multiple provided by the trustee under section 90XZB or 90YZR of the Act is expressed as a pension multiple, the multiple must be converted to a lump sum multiple using the commutation factor provided by the trustee under that section.
 (2) For the purpose of calculating the value of PVp under subclause 35(2), 36(2) or 37(2) of this Schedule, if the accrued benefit multiple provided by the trustee under section 90XZB or 90YZR of the Act is expressed as a lump sum multiple, the multiple must be converted to a pension multiple using the conversion factor provided by the trustee under that section.

Part 6—Interest relating to former employment—benefit payable only as lump sum