Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:3_40
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 3 cl 40
Character Range: 462788–464258

40  Discount valuation factors
 (1) For the purposes of subclause 39(3), this clause sets out the discount valuation factors.
 (2) Column 2 of the following table sets out the applicable factor for the annual amount of a lump sum that, at the relevant date, is not indexed in respect of the minimum deferral period.
 (3) Column 3 of the following table sets out the applicable factor for the annual amount of a lump sum that, at the relevant date, is indexed in respect of the minimum deferral period in accordance with the consumer price index.
 (4) Column 4 of the following table sets out the applicable factor for the annual amount of a lump sum that, at the relevant date, is indexed in respect of the minimum deferral period in accordance with a general wage index (for example, average weekly earnings, or average weekly ordinary time earnings, published by the Australian Bureau of Statistics) or in accordance with any change in the salary payable for the employment in which the member was engaged immediately before the member ceased employment.
 (5) If the annual amount of the lump sum at the relevant date is indexed in respect of the minimum deferral period in accordance with a fund crediting rate, the factor is 1.

Minimum deferral period for lump sum (in complete years)  Discount valuation factors
Lump sum not indexed                                      Lump sum indexed in line with CPI  Lump sum indexed in line with general wage index or salary