Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_0:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 0 (pt 1/5)
Character Range: 1456465–1459064

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Part 5 New South Wales Police Superannuation Scheme
Division 5.1 Definitions

1 Definitions
 (1) In this Part:
age at entry means the age, in completed years, when a person became a contributor.
Police Superannuation Scheme means the superannuation scheme constituted by the PRS Act.
Police Superannuation Regulation means the Police Superannuation Regulation 2005 (NSW).
PRS Act means the Police Regulation (Superannuation) Act 1906 (NSW).
 (2) A reference in this Part to the requirements of Division 2.2 of the Regulations being satisfied does not include a reference to the requirements of that Division being satisfied by making a payment of the kind mentioned in regulation 14H of the Regulations.
 (3) An expression used in this Part and in the PRS Act or in a provision of that Act has the same meaning in this Part as it has in the PRS Act or the provision of that Act.
Note 1   The following expressions are defined in subsection 1 (2) of the PRS Act:
 attributed salary of office
 contributor
 executive officer
 member of the police force
 STC.
Note 2   Equivalent service ratio is defined in section 6 of the PRS Act.
Division 5.2 Interests in the growth phase

2 Method for interests in Police Superannuation Scheme
  For an interest:
 (a) that is held by a member of the police force other than an executive officer who elected to make provision for a benefit in accordance with paragraph 5B (1) (b) of the PRS Act; and
 (b) that is in the growth phase in the Police Superannuation Scheme;
the method set out in the following table is approved for section 4 of this instrument.
Method
where:
AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).
Fae,y+m has the meaning given by subclause 3 (2).
R is the reduction factor under clause 4.

3 Definition of terms and expressions
 (1) In clause 2 and, unless expressly modified, in any other provision in this Part:
AS is the attributed salary of office of the person at the relevant date.
B is the total number of days, in the period commencing on 1 July 1988 and ending at the end of the relevant date, for which:
 (a) contributions were deducted from the person's salary of office under subsection 5 (1) of the PRS Act; or
 (b) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person's salary of office.
C is the total number of days, as at the relevant date (including, if applicable, that date) for which:
 (a) contributions were deducted