Document ID: chunk:federal_register_of_legislation:F2022C00514:schedule:9:p1
Version: federal_register_of_legislation:F2022C00514
Segment Type: schedule
Provision Reference: sch 9 (pt 1/3)
Character Range: 261305–263807

Schedule 9—Calculation of member benefit before 1 July 2002
(Schedule 1, definition of member benefit)

 1. A member benefit, in relation to a person who is or was a member, is an amount equal to the sum of:
 (a) the contributions that have been paid under the Rules by the person on or after he or she began his or her current period of membership; and
 (b) in the case of a member to whom a preserved benefit is applicable—the amount of the member benefit (if any) included in that preserved benefit; and
 (c) the interest (if any), in respect of the amount in paragraph (a) and of such of the amount in paragraph (b) as is funded, in accordance with a determination or determinations by CSC as to rates of interest and the method of allocation of interest to such amounts; and
 (d) an amount equal to the interest, in respect of such of the amount in paragraph (b) as is not funded, which would have accrued after the person last became a member if that amount had been funded; and
 (e) in the case of a member who transferred from the 1973 Scheme (not being a person who has since retired and has again become a member):
 (i) the person's transfer value; and
 (ii) an amount equal to the interest in respect of that transfer value which would have accrued on or after the date of the person's transfer if the transfer value had been funded;
  less, in the case of a person who paid an amount to the Commonwealth under item 3 of this Schedule or item 3 of Schedule 10 (each item, in this item called a repayment provision), the amount of interest calculated under subparagraph (ii) in respect of so much of the person's transfer value as is an amount equal to the sum of:
 (iii) the amount by which so much of the person's transfer value as comprised previous contributions is taken to have increased by reason of the recalculation of the person's transfer value in consequence of the operation of the relevant repayment provision; and
 (iv) an amount equal to the amount by which the amount calculated under paragraphs 1(a) and (b) of Schedule 10 is, by reason of the recalculation of the person's transfer value in consequence of the operation of the relevant repayment provision, no longer reduced by an amount calculated under paragraphs 1(c), (d) and (e) of that Schedule;
  in respect of the period before the day on which the amount so paid was, in fact, paid; and
 (f) in the case of a 1973 Scheme (deferred benefit) re‑entrant:
 (i) the person's carry over value; and
 (ii) an amount equal