Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:5_15
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 5 cl 15
Character Range: 596372–597130

15  Present value of the pension payable for the remaining part of the guarantee period
  For the purposes of paragraph 14(a), the amount is equal to the amount that would result from Schedule 8 if:
 (a) the benefits in respect of the superannuation interest were confined to the pension benefit payable for the guarantee period; and
 (b) the pension benefit payable for the guarantee period were treated as a pension for a fixed term ending at the end of the guarantee period.
Note: Paragraph (b) means, for example, that a reference in Schedule 8 to the remaining term of the pension is treated as if it were a reference to the remaining part of the guarantee period.

Division 3—Present value of the pension payable after the end of the guarantee period