Document ID: chunk:federal_register_of_legislation:F2022C00514:schedule:10a
Version: federal_register_of_legislation:F2022C00514
Segment Type: schedule
Provision Reference: sch 10A
Character Range: 270555–271535

Schedule 10A—Carry over value
(Schedule 1, definition of carry over value)

 1. The carry over value, in relation to a 1973 Scheme (deferred benefit) re‑entrant, is an amount equal to the sum of:
 (a) previous contributions made by the person under the previous legislation which comprised the benefits from which the deferred benefits, which were applicable to the member under the 1973 Act immediately before he or she became a member, derived; and
 (b) interest in respect of the amount in paragraph (a) which would have accrued before the date on which he or she first became a member if so much of that amount:
 (i) as comprised contributions and additional contributions (within the meaning of the 1973 Act) paid before 1 October 1991 had been earning interest at the annual rates applicable in accordance with Schedule 11; and
 (ii) as comprised contributions and additional contributions (within the meaning of the 1973 Act) paid on or after that date had been funded.