Document ID: chunk:federal_register_of_legislation:C2024C00651:section:18:p4
Version: federal_register_of_legislation:C2024C00651
Segment Type: section
Provision Reference: s 18 (pt 4/4)
Character Range: 70456–71266

subsections (8B)) is the greater of the following:
 (a) a refund of his or her contributions together with a payment of 50% of the Commonwealth supplement;
 (b) the superannuation guarantee safety‑net amount.
 (5) If the amount referred to in paragraph (4)(a) is equal to the amount referred to in paragraph (4)(b), subsection (4) has effect as if the amount referred to in paragraph (4)(a) were greater than the amount referred to in paragraph (4)(b).
 (6) The rate of retiring allowance payable to a person under this section is such percentage of the rate of parliamentary allowance for the time being payable to a member as is applicable in accordance with the following scale:

Number of complete years in period of service of person  Percentage of parliamentary allowance to be paid as retiring allowance