Document ID: chunk:federal_register_of_legislation:C2007A00054:clause:1_26
Version: federal_register_of_legislation:C2007A00054
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 18805–19779

26  Subsection 21A(3)
Repeal the subsection, substitute:

 (3) The amount of compensation is the amount worked out using this formula:
where:

amount of compensation means the amount of compensation that would have been payable to the employee for the relevant week if:
 (a) section 19, other than subsection 19(6), had applied to the employee; and
 (b) in the case of an employee who was not a member of the Defence Force immediately before retirement—the relevant week were a week referred to in subsection 19(3).

superannuation amount in relation to the pension means the superannuation amount in relation to the pension received by the employee in respect of the relevant week.

weekly interest on the lump sum means the amount worked out by:
 (a) multiplying the superannuation amount in relation to the lump sum benefit received by the employee by the rate specified in an instrument made under subsection 21(5); and
 (b) dividing the result of paragraph (a) by 52.