Document ID: chunk:federal_register_of_legislation:F2025L00281:reg:9:p1
Version: federal_register_of_legislation:F2025L00281
Segment Type: reg
Provision Reference: reg 9 (pt 1/2)
Character Range: 49917–55262

9     An interest that a person has in the CSS if he or she:                                                                                                                               (IP × Fy+m) + (NIP × Gy+m)
       (a) is entitled to a pension (other than an orphan pension) under the 1976 Act; or                                                                                                  where:
       (b) would be entitled to a pension mentioned in paragraph (a) if it had not been suspended under section 73A of the 1976 Act.                                                       IP is:
                                                                                                                                                                                            (a) in the case of a pension that is an invalidity pension or a spouse's pension that became payable on the death of an eligible employee or on the death of a pensioner to whom invalidity pension was payable — the part of the person's annual pension that is subject to indexation in accordance with the consumer price index at the relevant date:
                                                                                                                                                                                            (i) less any part of the pension that takes account of the existence of 1 or more eligible children or partially dependent children; and
                                                                                                                                                                                            (ii) disregarding any reduction or suspension under section 73A of the 1976 Act; and
                                                                                                                                                                                            (b) in any other case — the person's annual pension (if any) that is subject to indexation in accordance with the consumer price index at the relevant date, less any part of the pension that takes account of the existence of 1 or more eligible children or partially dependent children.
                                                                                                                                                                                           Fy+m is the factor calculated by:
                                                                                                                                                                                           where:
                                                                                                                                                                                           Fy is the valuation factor for the person's gender and type of pension mentioned in Table 4 in this Part that applies at the person's age in completed years at the relevant date.
                                                                                                                                                                                           m is the number of complete months of the person's age that are not included in the completed years of age at the relevant date.
                                                                                                                                                                                           Fy+1  is the valuation factor for the person's gender and type of pension mentioned in Table 4 in this Part that would apply to the person if the person's age in completed years were one year more than it is at the relevant date.
                                                                                                                                                                                           NIP is:
                                                                                                                                                                                            (a) in the case of a pension that is an invalidity pension or a spouse's pension that became payable on the death of an eligible employee or on the death of a pensioner to whom invalidity pension was payable — the part of the person's annual pension that is fixed in nominal dollars at the relevant date:
                                                                                                                                                                                            (i) less any part of the pension that takes account of the existence of 1 or more eligible children or partially dependent children; and
                                                                                                                                                                                            (ii) disregarding any reduction or suspension under section 73A of the 1976 Act; and
                                                                                                                                                                                            (b) in any other case — the person's annual pension (if any) that is fixed in nominal dollars at the relevant date, less any part of the pension that