Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_98:p14
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 14/26)
Character Range: 1662689–1665104

the requirements of Division 2.2 of the Regulations were satisfied; and
 (b) the gross value of the person's interest, immediately before those requirements were satisfied, determined in accordance with the method set out in clause 2.
ESProp is calculated in accordance with the formula:
  where:
  CDs is the total number of days of the person's service as at the date when the requirements of Division 2.2 of the Regulations were satisfied.
  Bs is the number of days of the person's service in the period commencing on 1 July 1988 and ending on the date when the requirements of Division 2.2 of the Regulations were satisfied.
  EFPs has the meaning given by subclause 14 (1).
  CDe is the total number of days of the person's service at:
 (a) in the case of a person who has elected, under paragraph 20AB (1) (b) of the NSW Superannuation Act, to make provision for a benefit provided by Division 3A of Part 4 of that Act — the date when the person elected to make provision for that benefit; or
 (b) in the case of a person who has elected to take the benefit of Division 3A of Part 4 of the NSW Superannuation Act — the date that was the person's exit day, within the meaning given by subsection 3 (1) of that Act; or
 (c) in the case of a person to whom subsection 52IA (1) of the NSW Superannuation Act applies — the date when subsection 52IA (1) first so applied; or
 (d) in the case of a person who has elected, under paragraph 52N (1) (b) of the NSW Superannuation Act, to preserve a benefit provided for by Division 3A of Part 4 of that Act — the date that was the exit day for the person under Division 3B of Part 4 of that Act; or
 (e) in the case of a person who is taken, under subclause 2 (1) of Schedule 23 to the NSW Superannuation Act, to have elected to take the benefit of Division 3A of Part 4 of that Act — the date when Part 1 of Schedule 23 first applied to the person.
  Be is the number of days of the person's service in the period commencing on 1 July 1988 and ending on whichever date mentioned in paragraphs (a) to (e) of the definition of CDe applies to the person.
  EFPe has the meaning given by subclause 14 (2).

14 Definitions of EFPs and EFPe
 (1) In subclause 13 (3):
EFPs is the employer financed proportion of the person's benefit at the date when the requirements of Division 2.2 of the Regulations were satisfied, calculated in accordance with the formula:
where:
EFBs is