Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_3
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 2168398–2169266

3     An interest or a component of an interest, that a person, who following a change in his or her employment is entitled to a deferred retirement benefit under subsection 5 (1) of the Portability Act and has not made an election under subsection 7 (7) of the Portability Act, has as a member of the superannuation scheme established by the TS Act, consisting of the deferred retirement benefit under the Portability Act.                                                                                                                         The amount of the lump sum to which the person would be entitled if he or she were to convert the person's deferred retirement benefit under section 6 of the Portability Act at the relevant date to a present lump sum under subsection 5 (2A) of the Portability Act, adjusted as required by the TS Act or the Portability Act.