Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:95:p3
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 95 (pt 3/4)
Character Range: 640141–642783

the person's gender.

    m has the meaning given above.

    FDBFy+1 is the funded valuation factor mentioned in Table 4 that would apply if the person's age in completed years at the operative time were 1 year more than it is.

ATA is the accumulated transfer amount, or if there are 2 or more such amounts, the sum of those amounts, in respect of the person at the operative time.

ERDA (see Rule 16.1.2)

Preserved benefit member not eligible for benefit under Rule 8.2.1A or paragraph 8.2.1B(a)
16.8.3 This rule applies to the interest of a preserved benefit member who is not eligible to receive a benefit under either Rule 8.2.1A or paragraph 8.2.1B(a).  The value of the interest is to be worked out using the following formula:

where:

UDB is the unfunded preserved benefit included in the preserved benefit which, under Rule 8.6.2 of these Rules, increases in line with movements in the consumer price index, as at the operative time.

UDBFy+m is the factor calculated in accordance with the following formula:

    where:

    UDBFy is the valuation factor mentioned in Table 5 that applies at the person's age in completed years, at the operative time, for the person's gender.

    m is the number of complete months of the person's age, at the operative time, that are not included in the person's completed years of age.

    UDBFy+1 is the valuation factor mentioned in Table 5 that would apply if the person's age in completed years at the operative time were 1 year more than it is.

    FDB is the sum of any accumulated member contributions and any accumulated productivity contributions included in the preserved benefit which, under Rule 8.6.1 of these Rules, increases in line with the fund crediting rate, as at the operative time.

ATA is the accumulated transfer amount, or if there are 2 or more such amounts, the sum of those amounts, in respect of the person at the operative time.

ERDA (see Rule 16.1.2)

Associate
16.8.4 The value of an interest that a person has as an associate is to be worked out using the following formula:

where:

FLS is the amount calculated under paragraph 16.3.1(a) of these Rules that would be payable as a lump sum at the operative time.

UFLS is the amount calculated under paragraph 16.3.1(b) of these Rules that would be payable as a lump sum at the operative time.

Pensioner
16.8.5 The value of an interest that a person has as a pensioner is to be worked out using the following formula:

where:

P is:

         (a) for an invalidity pensioner — the annual pension amount payable to the person disregarding any reduction or suspension under Division 11 of Part 10 of these