Document ID: chunk:federal_register_of_legislation:F2011C00487:reg:9
Version: federal_register_of_legislation:F2011C00487
Segment Type: reg
Provision Reference: reg 9
Character Range: 105697–108573

9                                                                                                                                               An interest that a person has in the CSS if he or she is entitled to an associate deferred benefit under section 146MC of the Act.                                                      FLS + UFLS
                                                                                                                                                                                                                                                                                                                                        where:

                                                                                                                                                                                                                                                                                                                                        FLS is the sum of:
                                                                                                                                                                                                                                                                                                                                         (a) the funded component of the transfer amount; and
                                                                                                                                                                                                                                                                                                                                         (b) the interest determined under section 154A of the Act;
                                                                                                                                                                                                                                                                                                                                        less the sum of any reductions that apply for the purposes of section 146MF of the Act, as if the benefit had become payable at the operative time.

                                                                                                                                                                                                                                                                                                                                        UFLS is the lump sum value of the unfunded component of the transfer amount as increased by step 2A in section 2.07 of these Orders as if the benefit had become payable at the operative time, less the sum of any reductions that apply for the purpose of section 146MF of the Act.