Document ID: chunk:federal_register_of_legislation:F2023C01022:clause:2_30
Version: federal_register_of_legislation:F2023C01022
Segment Type: clause
Provision Reference: sch 2 cl 30
Character Range: 367155–368017

30  Conversion of accrued benefit multiple
 (1) For the purpose of calculating the value of PVls under subclause 28(2), 29(2) or 29A(2) of this Schedule, if the accrued benefit multiple provided by the trustee under section 90XZB or 90YZR of the Act is expressed as a pension multiple, the multiple must be converted to a lump sum multiple using the commutation factor provided by the trustee under that section.
 (2) For the purpose of calculating the value of PVp under subclause 28(2), 29(2) or 29A(2) of this Schedule, if the accrued benefit multiple provided by the trustee under section 90XZB or 90YZR of the Act is expressed as a lump sum multiple, the multiple must be converted to a pension multiple using the conversion factor provided by the trustee under that section.

Part 5—Interest relating to former employment—benefit payable only as lump sum