Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p30
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 30/83)
Character Range: 477786–480564

(ii) 75% of the annual rate of salary determined by CSC as that which would have been payable to the pensioner had he/she continued to be a member; and
         (b) the amount of Notional Income on any day after 30 June 2003 is the greater of:
             (i) $33,732, increased on 1 January 2002, and compounded each subsequent 1 July and 1 January, in accordance with the increases, if any, applying to pensions under Rule 9.6.1 and Rule 9.6.3; or

             (ii) the amount of Notional Income on 30 June 2003 increased by multiplying that amount by the factor calculated by the formula below:

where:
                  New AWOTE is the index number of the full‑time adult average weekly ordinary time earnings last published by the Australian Statistician before the day, in respect of a period ending after the pensioner's last day of membership but before the day;
                  Old AWOTE is the index number of the full‑time adult average weekly ordinary time earnings last published by the Australian Statistician on or before 1 July 2003;
provided:
         (A) the New AWOTE index number exceeds the Old AWOTE index number; and
         (B) the factor is to be rounded up or down to the nearest one thousandth; and
         (C) any index number that is published by the Australian Statistician in substitution for an earlier published Old AWOTE or New AWOTE index number is to be disregarded for the purposes of this Rule; and
if the Australian Statistician changes the reference base for the index of full‑time adult average weekly ordinary time earnings, regard shall only be had to index numbers published in terms of the new reference base.
10.11.11 Where the invalidity pensioner ceased to be a member after 30 June 2003 the amount of Notional Income on any day is the greater of:
         (a) $33,732, increased on 1 January 2002, and compounded each subsequent 1 July and 1 January, in accordance with the increases, if any, applying to pensions under Rule 9.6.1 and Rule 9.6.3; or
         (b) 75% of the annual rate of salary that was payable to the pensioner immediately before he/she ceased to be a member increased by multiplying that rate by the factor calculated by the formula below:

where:
                  New AWOTE is the index number of the full‑time adult average weekly ordinary time earnings last published by the Australian Statistician before the day, in respect of a period ending after the pensioner's last day of membership but before the day;
                  Old AWOTE is the index number of the full‑time adult average weekly ordinary time earnings last published by the Australian Statistician before, or at the same time as the pensioner's last day of membership;
provided:
         (A) the New AWOTE index number exceeds the