Document ID: chunk:federal_register_of_legislation:F2022C00971:reg:3a
Version: federal_register_of_legislation:F2022C00971
Segment Type: reg
Provision Reference: reg 3A
Character Range: 3141–3950

3A  Age factor
 (1) For subsection 6C(4) of the Act, the age factor is worked out using the following formula:

  where:
ay is the factor mentioned in Schedule 1A that applies to the Judge's gender and age on retirement.
ay+1 is the factor mentioned in Schedule 1A that applies to the Judge's gender and age, as if the Judge were 1 year older on retirement.
d is the number of days starting at the start of the day after the Judge's last birthday and ending at the end of the day he or she retires.
Note: d is equal to zero if the Judge retires on his or her birthday.
 (2) In this regulation:
age is taken to be the Judge's age at his or her last birthday before or on retirement.

Part 1B—Age factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes