Document ID: chunk:federal_register_of_legislation:C2009A00115:clause:1_31
Version: federal_register_of_legislation:C2009A00115
Segment Type: clause
Provision Reference: sch 1 cl 31
Character Range: 11804–13903

31  Subsections 200F(3) and (4)
Repeal the subsections, substitute:
 (3) This subsection applies if the relevant period for the person is less than 1 year. The amount worked out under this subsection is:
where:
estimated annual base salary is a reasonable estimate of the base salary that the person would have received from the company and related bodies corporate during the relevant period if the relevant period had been 1 year.
Note: The relevant period for the person is defined in subsection (5).
 (4) This subsection applies in every other case. The amount worked out under this subsection is:
 (a) if the relevant period is 1 year—the base salary that the person received from the company and related bodies corporate during the relevant period; or
 (b) if the relevant period is more than 1 year but less than 2 years—the average annual base salary that the person received from the company and related bodies corporate during the relevant period, worked out as if:
 (i) the relevant period were 2 years; and
 (ii) the person's annual base salary for the second year were a reasonable estimate of what the person would have received as base salary after the first year of the relevant period had the relevant period been 2 years; or
 (c) if the relevant period is 2 years—the average annual base salary that the person received from the company and related bodies corporate during the relevant period; or
 (d) if the relevant period is more than 2 years but less than 3 years—the average annual base salary that the person received from the company and related bodies corporate during the relevant period, worked out as if:
 (i) the relevant period were 3 years; and
 (ii) the person's annual base salary for the third year were a reasonable estimate of what the person would have received as base salary after the second year of the relevant period had the relevant period been 3 years; or
 (e) if the relevant period is 3 years or more—the average annual base salary that the person received from the company and related bodies corporate during the last 3 years of the relevant period.