Document ID: chunk:federal_register_of_legislation:C2025C00148:section:28
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 28
Character Range: 51660–53589

28  Minimum deferral period for variable remuneration
 (1) The minimum deferral period for the variable remuneration of an accountable person of an accountable entity or a significant related entity is the period:
 (a) starting on the day determined under subsection (2) or (3); and
 (b) ending on the day determined under subsection (4).

When the deferral period starts
 (2) The minimum deferral period for the variable remuneration of an accountable person starts (subject to subsection (3)) on the later of the following days:
 (a) the day after the day on which the decision was first made that the person's total remuneration would be wholly or partly conditional on the achievement of objectives;
 (b) if the achievement of those objectives (as first decided) is to be measured by reference to a particular period—the day that period starts.
 (3) However, if:
 (a) the variable remuneration is remuneration of a kind determined under paragraph 26(3)(a), or prescribed by the Regulator rules for the purposes of paragraph 26(1)(b); and
 (b) the determination provides, or the Regulator rules provide, for when the minimum deferral period for the variable remuneration starts;
then the minimum deferral period starts on the day so provided.

When the minimum deferral period ends
 (4) The minimum deferral period for the variable remuneration of an accountable person ends on the earliest day worked out under an applicable item of the following table.

End of minimum deferral period
                                Column 1                                                                                                                                                                    Column 2

Item                            If …                                                                                                                                                                        the period ends on …