Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_5
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 2360882–2367439

5     An interest that a person who is a member of the Assembly has in the Scheme by belonging to the parliament 70 category under Chapter 9 of the participation schedule if the person:                                                                                                                              where:
       (a) has received salary as a member for at least 96 months; and                                                                                                                                                                                                                                                 BS is the basic salary of a member at the relevant date.
       (b) has ceased to be a member on 1 occasion only, because of which the person was entitled to be paid an amount under subsection 340 (4) of the participation schedule; and                                                                                                                                     ABM (accrued benefit multiple) for a person is:
       (c) no amount has been paid under section 364 of the participation schedule for the entitlement of an entitled former spouse of the person                                                                                                                                                                         where:
                                                                                                                                                                                                                                                                                                                          M is:
                                                                                                                                                                                                                                                                                                                              (a) if the person has received salary as a member for an aggregate period of at least 96 complete months but less than 97 complete months at the relevant date — zero; or

                                                                                                                                                                                                                                                                                                                              (b) in any other case — the lesser of:

                                                                                                                                                                                                                                                                                                                                  (i) the number of complete months for which the person has received salary as a member, at the relevant date, that occurred after the person has received salary as a member for 96 complete months; and
                                                                                                                                                                                                                                                                                                                                  (ii) 144.
                                                                                                                                                                                                                                                                                                                          TOS has the meaning given by item 4.
                                                                                                                                                                                                                                                                                                                          TBS has the meaning given by item 4.
                                                                                                                                                                                                                                                                                                                       Fy+m has the meaning given by item 4.
                                                                                                                                                                                                                                                                                                                       PLSA (previously paid lump sum adjustment) for a person's entitlement under subsection 340 (4) of the participation schedule is:
                                                                                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                                                                                       B is the amount the person would have been entitled to under subsection 340 (4) of the participation schedule if, at the time the person ceased to be a member, a superannuation agreement, flag lifting agreement or splitting order under the Family Law Act had not been made in relation to the interest.
                                                                                                                                                                                                                                                                                                                          PBS is the basic salary of a member at the time the person ceased to be a member.
                                                                                                                                                                                                                                                                                                                       ATV has the meaning given by item 4.