Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_69:p4
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 69 (pt 4/17)
Character Range: 1800329–1802745

reduction factor under clause 7.

3 Meaning of st
  For step 1 of the method mentioned in clause 2:
st is:
 (a) for the financial year in which the relevant date occurs — 1; or
 (b) for each year in the period commencing on 1 July after the relevant date and ending at the end of 30 June immediately before the calculation year — the probability that the person will be a member in the calculation year, calculated in accordance with the method mentioned in the following table.

Method
Step 1
Calculate, for each year in the period commencing on 1 July in the financial year in which the relevant date occurs and ending at the end of 30 June immediately before the calculation year (the calculation period), the sum of:
(a) the factor that applies to the person for the definition of pt,r in relation to a benefit payable under section 19 or 19B of the PCS Act; and
(b) the factor mentioned in Table 2 of Division 10.4 that applies given the person's gender and the person's age in completed years in the year for which the calculation is being made; and
(c) the factor mentioned in Table 3 of Division 10.4 that applies given the person's gender and the person's age in completed years in the year for which the calculation is being made.
Step 2
For each year in the calculation period, calculate the probability that the person will remain a member at the end of the year (survival factor), being 1 less the sum of the factors mentioned in step 1 that apply to the person for the year.
Step 3
Multiply the survival factor calculated in step 2 for the first year in the calculation period by the survival factor for each remaining year in that period.
Step 4
st is the result of the calculation worked out in step 3.

4 Probability (pt,r)
 (1) For step 1 of the methods mentioned in clauses 2 and 3, pt,r is:
 (a) for a benefit payable under section 19 or 19B or subsection 22A (2) of the PCS Act:
 (i) if the year for which the calculation is being made is not an election year — the factor mentioned in subclause (2) that applies to the person; and
 (ii) if the year for which the calculation is being made is an election year and, at the relevant date, the person is in receipt of salary as a member of the Legislative Assembly — the factor mentioned in subclause (3) that applies to the person; and
 (iii) if the year for which the calculation is being made is an election year and, at the relevant date, the