Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:10_4
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 10 cl 4
Character Range: 710321–711164

4  Discount valuation factors
 (1) This clause sets out the discount valuation factors.
 (2) If the lump sum is indexed in accordance with a fund crediting rate, the factor is 1.
 (3) 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.
 (4) In this clause:
CPI means the consumer price index.
wage indexed pension means a pension 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).

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