Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_0:p2
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 0 (pt 2/5)
Character Range: 1458833–1461415

under subsection 5A (6) of that Act, to have been deducted from the person's salary of office.
C is the total number of days, as at the relevant date (including, if applicable, that date) for which:
 (a) contributions were deducted from the person's salary of office under subsection 5 (1) of the PRS Act; or
 (b) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person's salary of office.
ESR is the person's equivalent service ratio at the relevant date.
NEA is the person's notional employee account, being the sum of the amounts referred to in paragraphs 10 (1) (a), (b) and (c) of the Police Superannuation Regulation if STC were required to reduce the amount of the person's benefit under subsection 14AA (1) of the PRS Act, at the relevant date.
 (2) In clause 2 and, unless expressly modified, in any other provision in this Part:
Fae,y+m is calculated in accordance with the formula:
where:
Fae,y is the valuation factor in whichever of Table 1 or 2 of Division 5.4 is applicable, given:
 (a) the person's gender; and
 (b) the person's age in completed years at the relevant date (y); and
 (c) the person's age at entry (ae).
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.
Fae,y+1 is the valuation factor mentioned in whichever of Table 1 or 2 of Division 5.4 is applicable to the person if the person's age in completed years at the relevant date were 1 year more than it is.

4 Reduction factor
 (1) Reduction factor is:
 (a) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a particular superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the amount calculated in accordance with the formula set out in subclause (2); or
 (b) if the requirements of Division 2.2 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies to the interest — the product of the amounts calculated in accordance with the formula set out in subclause (2) in respect of each entitlement; or
 (c) in any other case — 1.
 (2) For paragraphs (1) (a) and (b), each amount is calculated in accordance with the formula:
where:
  NMProp is the