Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p1
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 1/4)
Character Range: 1495576–1498420

98                                                              3.26                                     2.50                                     3.28
99 or more                                                      2.97                                     2.26                                     2.99

Part 6 Police Association Superannuation Scheme
Division 6.1 Definitions

1 Definitions
 (1) In this Part:
age at entry means the age, in completed years, when a person became a contributor.
contributor has the meaning given by subsection 1 (2) of the PRS Act.
equivalent service ratio has the meaning given by section 6 of the PRS Act.
PAES Act means the Police Association Employees (Superannuation) Act 1969 (NSW).
Police Association Superannuation Scheme means the superannuation scheme constituted by the PAES Act.
Police Superannuation Scheme means the superannuation scheme constituted by the PRS Act.
PRS Act means the Police Regulation (Superannuation) Act 1906 (NSW).
 (2) A reference in this Part to the requirements of Part 3 of the Regulations being satisfied does not include a reference to the requirements of that Part being satisfied by making a payment of the kind mentioned in section 36 of the Regulations.
 (3) An expression used in this Part and in the PAES Act or in a provision of that Act has the same meaning in this Part as it has in the PAES Act or the provision of that Act.
Note   The following expressions are defined in subsection 2 (1) of the PAES Act:
 Association
 member of the police force
 STC.
Division 6.2 Interests in the growth phase

2 Method for interests in Police Association Superannuation Scheme
 (1) For an interest that:
 (a) is held by a person who:
 (i) was a member of the police force; and
 (ii) resigned office as a member of the police force and immediately became an employee of the Association or become such an employee on the working day of the Association next following the date on which his or her resignation took effect; and
 (iii) was a contributor to the Police Superannuation Scheme immediately before transferring to the employment of the Association; and
 (b) is in the growth phase in the Police Association Superannuation Scheme;
the method set out in the following table is approved for section 5 of this instrument.

Method
where:
AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).
Fae,y+m has the meaning given by subclause 3 (2).
R is the reduction factor under clause 4.

3 Definition of terms and expressions
 (1) In clause 2:
AS is the annual rate of the salary of the person as an employee of the Association that STC would consider if, at the relevant date, STC had approved the payment of an annual superannuation allowance to the person under subsection 3 (2) of the PAES Act.
B is the total number of days, in the period commencing on the