Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_60:p3
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 60 (pt 3/3)
Character Range: 1798451–1800010

make to that account under section 11 of the SANCS Act if the person had voluntarily ceased to be an employee at the relevant date.
                                                                                                                          AEC is the sum of:
                                                                                                                           (a) the balance of the additional employer contributions account of the person at the relevant date; and
                                                                                                                           (b) the amount of adjustment (if any) that STC would make to that account under section 11 of the SANCS Act if the person had voluntarily ceased to be an employee at the relevant date.
 2    An interest held by a person if:                                                                                    where:
       (a) the person has ceased to be an employee; and                                                                   A is the amount of the benefit in respect of the person that would have been payable to, or in respect of, the person if that benefit had been payable under section 23 of the SANCS Act at the relevant date.
       (b) all or part of the person's benefit in respect of the interest is preserved under section 24 of the SANCS Act  SC is the amount (if any) calculated by STC in accordance with subsection 26A (3) of the SANCS Act.

Table 1 Valuation factors
Age in completed years     Males   Females