Document ID: chunk:federal_register_of_legislation:F2023C01022:clause:6_4
Version: federal_register_of_legislation:F2023C01022
Segment Type: clause
Provision Reference: sch 6 cl 4
Character Range: 507783–508861

4  Discount valuation factors
 (1) This clause sets out the discount valuation factors.
 (2) The factors in column 2 of the table in this clause apply if the lump sum is not indexed.
 (3) The factors in column 3 of the table in this clause apply if the lump sum is indexed in accordance with the consumer price index.
 (4) The factors in column 4 of the table in this clause apply if the lump sum is indexed in accordance with a general wage index (for example, average weekly earnings, or average weekly ordinary time earnings, published by the Australian Bureau of Statistics).
 (5) If the lump sum is indexed in accordance with a fund crediting rate, the factor is 1.
 (6) For this Schedule, a lump sum is taken to be not indexed if the nominal value of the lump sum is an amount within the meaning of paragraph (b) of the definition of nominal value in clause 2 of this Schedule.

Minimum deferral period for lump sum (in complete years)  Discount valuation factors
Lump sum not indexed                                      CPI indexed lump sum        Wage indexed lump sum