Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_1
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 1427605–1429184

1     An interest that a person has in the Scheme as a result of being paid an allowance under section 4 of the Act.  where:
                                                                                                                      AA is the annual rate of allowance that is or was payable to the person under section 4 of the Act at the relevant date.
                                                                                                                      AFy is the allowance valuation factor mentioned in Table 1 in this Part for the person's allowance type, gender and age in completed years at the relevant date.
                                                                                                                      AFy+1 is the allowance valuation factor mentioned in Table 1 in this Part that would apply if the person's age in completed years at the relevant date were 1 year more than it is.
                                                                                                                      m is the number of complete months of the person's age, at the relevant date, that are not included in the completed years of age.

Division 7.4—Factors
Table 1 Allowance valuation factors

Age                   Male                                     Female
Retirement Allowance  Spouse Allowance or Associate Allowance  Retirement Allowance  Spouse Allowance or Associate Allowance
30 or less            31.9237                                  29.8511               32.0224                                  31.3889