Document ID: chunk:federal_register_of_legislation:F2025L00281:reg:5
Version: federal_register_of_legislation:F2025L00281
Segment Type: reg
Provision Reference: reg 5
Character Range: 462725–464386

5     An interest that a person (other than a person who is a recipient member within the meaning of the Determination) has in the productivity benefit scheme if:                      The sum of:
       (a) the following circumstances apply:                                                                                                                                            (a) for each pay period ending after 31 December 1987 for which the person was entitled to receive pay for effective service (within the meaning given by subclause 3 (1) of the Determination) occurring after that day, 3% of the pay for that period, calculated in accordance with the person's annual rate of pay (within the meaning given by subclause 3 (1) of the Determination), that the person was entitled to receive for effective service for that period; and
       (i) the person is a contributing member;
       (ii) the person is aged 55 years or more; or
       (b) the following circumstances apply:                                                                                                                                            (b) the interest, if any, that would have been credited to the person on account of that amount under subclauses 8 (4) and (5), 8A (4) and (5) and 8AA (5) and (6) of the Determination if that amount had been an amount of productivity benefit credited to the person.
       (i) the person is a contributing member;
       (ii) the person is aged less than 55 years;
       (iii) the person's total period of effective service, if he or she continued to be a contributing member until the age of 55 years, would be less than 20 years.