Document ID: chunk:federal_register_of_legislation:F2009L04057:body:0:p3
Version: federal_register_of_legislation:F2009L04057
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by 14.

 n is the number of fortnights occurring during the relevant period, and may include a partial fortnight.

(5)  The accumulated amount for each subsequent relevant period is calculated as follows:

 [A x (1 + i)n] + [P x [((1+i)n - 1)/i] x (1 + i)]

 where

 A is the accumulated amount calculated under this subclause or subclause (4) in respect of the previous relevant period.

 P is the amount of the pension instalment payable on each pension payday occurring in the relevant period.

 i is the interest rate determined under cl 7 for the calendar year in which the relevant period occurs, divided by 365 (or in a leap year, by 366) and multiplied by 14.

 n is the number of fortnights occurring during the relevant period.

7 Rate of interest
 The interest rate determined for each calendar year is the 10 year Treasury Bond yield last published by the Reserve Bank of Australia in the previous December of the calendar years over which the arrears of pension accrued.