Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_7
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 1917656–1919638

7     The component of the interest that a person who:                                                                                                                                                                                                                                                                                                                                                                                                                      The amount of the lump sum to which the person would be entitled if he or she were to convert his or her deferred retirement benefit determined under paragraph 7 (7) (b) of the Portability Act at the relevant date to a present lump sum under subsection 7 (7A) of the Portability Act, adjusted as required by the SS Act or the Portability Act.
       (a) becoming entitled on a change to his or her employment to a deferred retirement benefit under the Portability Act;
       (b) subsequently terminated his or her employment prior to attaining the minimum age for retirement on a ground other than disability or death and elected a benefit under subsection 7 (7) of the Portability Act;
      has as a new scheme member in the superannuation scheme established by the SS Act, being the component consisting of the deferred retirement benefit to which the person is entitled under paragraph 7 (7) (b) of the Portability Act.

Division 1.3 Interests in the payment phase

3 Methods and factors for interests of new scheme members in superannuation scheme established by SS Act
  For an interest of a new scheme member that is in the payment phase in the superannuation scheme established by the SS Act and that is mentioned in an item in the following table, the method or factor mentioned in an item is approved for section 5 of this approval.

Item  Interest in the payment phase                                                                                                                             Method or factor