Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_110sb:p1
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 110SB (pt 1/3)
Character Range: 411993–414659

110SB  Interpretation
 (1) In this Part, unless the contrary intention appears:
accumulated government body contributions, in relation to a person's relevant period of employment, means the total of:
 (a) the total amount of the productivity contributions applicable to the person in respect of the period; and
 (b) notional interest on the amount worked out under paragraph (a).
government body scheme means a superannuation scheme:
 (a) established by, or operating for the benefit of employees of:
 (i) an authority of the Commonwealth; or
 (ii) a State or an authority of a State; or
 (iii) a Territory or an authority of a Territory; or
 (iv) a body corporate in which the Commonwealth, or a person of the kind referred to in paragraph (i), (ii) or (iii), either individually or in combination with one or more other such persons, has a controlling interest; and
 (b) that has eligible employees as members; and
 (c) under which productivity contributions accrue in respect of those eligible employees.
notional accumulated SG contributions, in relation to a person's relevant period of employment, means an amount equal to the sum of:
 (a) the person's SG minimum contributions in relation to that period as reduced by an amount specified in, or worked out in accordance with, a determination made by an actuary under subsection (5); and
 (b) notional interest on the amount worked out under paragraph (a).
other vested benefit, in relation to a person, means the value that CSC, having regard to the advice of the Australian Government Actuary, determines to be the value that the benefits paid or payable in respect of the person's relevant period of employment would have if the total amount of these benefits were taken not to include:
 (a) the amount equal to the total of whichever of the following amounts is, or are, applicable:
 (i) the amount equal to that part of the accumulated employer contributions in respect of the person that is based on the operation of paragraphs 110Q(1)(a) and (b) in relation to productivity contributions paid or payable after 30 June 1992;
 (ii) the amount equal to that part of an amount paid by or in respect of the person that is based on the operation of paragraphs 110Q(1)(e) and (f) in relation to payments made under section 110L in relation to any period commencing after 30 June 1992;
 (iii) the amount equal to that part of an amount paid by or in respect of the person that is based on the operation of paragraphs 110Q(1)(e) and (f) in relation to payments made under section 110M in relation to any period commencing after 30 June 1992;
 (iv) the amount equal to that part of an amount paid by or in respect