Document ID: chunk:federal_register_of_legislation:F2011C00487:front:0:p8
Version: federal_register_of_legislation:F2011C00487
Segment Type: other
Provision Reference: 
Character Range: 17587–20434

period occurs, and divide the result by 365.

         Round the result to 3 decimal places.

         The result is the applicable Treasury bond rate for the first period.
Step 2C  Full financial years (if any)

         Use this step if a full financial year occurs immediately after the end of the first period and before the associate deferred pension becomes payable. This is the second period.

         Identify the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year.

         Round the result to 3 decimal places.

         The result is the applicable Treasury bond rate for the second period.

         Repeat this arrangement for each full financial year after the second period.
Step 2D  Final period (if any)

         Use this step if:
            (a) there is any period between the end of a financial year  and the time at which the associate deferred pension becomes payable; and
            (b) neither step 2B nor step 2C covers that period.

         This is the final period.

         Multiply the number of days in the final period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the final period occurs, and divide the result by 365.

         Round the result to 3 decimal places.

         The result is the applicable Treasury bond rate for the final period.
Step 3   Work out a pension factor (F y+m) based on the non‑member spouse's gender and age, using the formula:

         where:

         Fy is:
            (a) if the associate deferred pension is not payable on permanent incapacity — the valuation factor mentioned in Table 3A in Schedule 2, applicable, when the associate deferred pension first becomes payable, to the non‑member spouse's gender and age in completed years (represented by y); and
            (b) if the associate deferred pension is payable on permanent incapacity — the valuation factor mentioned in Table 3B in Schedule 2, applicable, when the associate deferred pension first becomes payable, to the non‑member spouse's gender and age in completed years (represented by y).
         Fy+1 is:
            (a) if the associate deferred pension is not payable on permanent incapacity — the valuation factor mentioned in Table 3A in Schedule 2, applicable, when the associate deferred pension would first become payable, if the non‑member spouse's gender and age in completed years were one year more than they are at that time (represented by y + 1); and
            (b) if the associate deferred pension is payable on permanent incapacity — the valuation factor mentioned in Table 3B in Schedule 2, that would be applicable, when the associate deferred pension first becomes payable, if the non‑member spouse's gender and age in completed years were one year more than they are at that time