Document ID: chunk:federal_register_of_legislation:C2022C00095:section:20:p2
Version: federal_register_of_legislation:C2022C00095
Segment Type: section
Provision Reference: s 20 (pt 2/2)
Character Range: 61762–62417

a particular time, means the total value, as certified by an actuary, of the future benefit entitlements of members of the scheme in respect of membership up to that time based on assumptions about future economic conditions and the future of matters affecting membership of the scheme, being assumptions made in accordance with applicable professional actuarial standards (if any).
scheme's liabilities in respect of vested benefits, at a particular time, means the total value of the benefits payable from the scheme to which the members of the scheme would be entitled if they all voluntarily terminated their service with their employers at that time.