Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_6
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2518109–2522479

6     An interest that a person has as a new scheme contributor in the SA Police Superannuation Scheme, if the person has:                                                                                                                      where:
       (a) resigned; and                                                                                                                                                                                                                        AS has the meaning given by item 2.
       (b) preserved the person's accrued superannuation benefits within the scheme under paragraph 22 (1) (b) of the Police Superannuation Act.                                                                                                A is the lesser of:
                                                                                                                                                                                                                                                 (a) 1; and
                                                                                                                                                                                                                                                 (b) the quotient of the person's accrued contribution points at the relevant date and D, where D is:
                                                                                                                                                                                                                                                 (i) 360; or
                                                                                                                                                                                                                                                 (ii) if the person was accepted as a contributor before turning 25 — the number of complete months occurring after the person's date of acceptance as a contributor and before the date when the person turns 55.
                                                                                                                                                                                                                                                M87 has the meaning given by item 1.
                                                                                                                                                                                                                                                Pn is the person's part time proportion determined in accordance with the definition of Pn in subsection 22 (5) of the Police Superannuation Act.
                                                                                                                                                                                                                                                Fy+m is the factor calculated in accordance with the following formula:

                                                                                                                                                                                                                                                where:
                                                                                                                                                                                                                                                Fy is the factor mentioned in Table 4 of this Part that applies at the relevant date to the person's age in completed years.
                                                                                                                                                                                                                                                m has the meaning given by item 1.
                                                                                                                                                                                                                                                Fy+1 is the factor mentioned in Table 4 of this Part that would apply to the person if the person's age were one year more than the person's age in completed years at the relevant date.