Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p22
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 22/26)
Character Range: 1672516–1674967

other case — the annuity factor calculated in accordance with the formula:
  where:
  APFy is the annuity factor mentioned in Table 9 of Division 8.4 that is applicable given the person's age in completed years (y) at the relevant date.
  m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
  APFy+1 is the annuity factor mentioned in Table 9 of Division 8.4 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

20 Meaning of PF
  In clause 18:
PF is:
 (a) for a person who is less than 60 years at the relevant date and:
 (i) male — 15.533; or
 (ii) female — 17.169; or
 (b) in any other case — the factor calculated in accordance with the formula:
  where:
  PFy is the age retirement pension valuation factor mentioned in Table 8 of Division 8.4 that is applicable, given:
 (a) the person's age in completed years (y) at the relevant date; and
 (b) the person's gender.
  m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
  PFy+1 is the age retirement pension valuation factor mentioned in Table 8 of Division 8.4 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

21 Meaning of DFy+m
  In clause 18:
DFy+m is:
 (a) if the person is 60 years or more at the relevant date — 1; or
 (b) in any other case — the factor calculated in accordance with the formula:
  where:
  DFy is the discount factor mentioned in Table 9 of Division 8.4 that is applicable given the person's age in completed years (y) at the relevant date.
  m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
  DFy+1 is the valuation factor mentioned in Table 9 of Division 8.4 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

22 Reduction factor
 (1) For clause 18, the reduction factor is:
 (a) if paragraphs (b), (c) and (d) do not apply — 1; or
 (b) if the requirements of Part 3 of the Regulations have been satisfied:
 (i) after the date when the benefit was preserved under Division 3D of Part 4 of the NSW Superannuation Act; and
 (ii) in respect of the entitlement of only one spouse of the person, being an entitlement arising under a particular