Document ID: chunk:federal_register_of_legislation:F2024C01248:clause:1aa_8
Version: federal_register_of_legislation:F2024C01248
Segment Type: clause
Provision Reference: sch 1AA cl 8
Character Range: 266660–267571

8                     65        1.00

 (2) However, if an actuary certifies a benefit category for the purposes of subclause 2(1) in relation to a person's membership of the Governor‑General Pension Scheme, then, despite subclause (1) of this clause, the voluntary exit rates to be assumed for the benefit category are:
 (a) the voluntary exit rates specified by the Governor‑General Act 1974; or
 (b) if that Act does not specify voluntary exit rates—the following rates:
 (i) from the age of the person on the day the person's appointment as Governor‑General commences (the appointment day) to the person's age on the fourth anniversary of the appointment day—0.00;
 (ii) from the age of the person on the person's next birthday after the fourth anniversary of the appointment day to any later age—1.00.
 (3) The rate of involuntary exit (including by redundancy, death or invalidity) to be assumed is zero.