Document ID: chunk:federal_register_of_legislation:C2017C00101:section:3:p5
Version: federal_register_of_legislation:C2017C00101
Segment Type: section
Provision Reference: s 3 (pt 5/7)
Character Range: 13321–15998

respect of that period if the person had been paid or received those compensation payments on a full‑time basis throughout that period;
 (c) if the person received reduced salary throughout the pay period—the fraction obtained by dividing the amount of salary that the person received in respect of the pay period by the amount that the person would have received if the person had not received reduced salary; or
 (d) if the person was paid on a part‑time basis throughout the pay period and received reduced salary throughout the pay period—the fraction obtained by dividing the amount of salary that the person received in respect of that period by the amount that the person would have received in respect of that period if the person had been paid on a full‑time basis throughout that period and had not received reduced salary.
quarter means a period of 3 months beginning on 1 January, 1 April, 1 July or 1 October.
rate of salary, in relation to a remainder employee and a pay period of the employee, has the meaning given by section 3B.
reduced salary means reduced salary during a period of sick leave or long service leave.
remainder employee means a qualified employee who is neither:
 (a) a scheme employee; nor
 (b) a class employee.
RSA has the same meaning as in the Retirement Savings Accounts Act 1997.
salary includes wages and allowances that are paid regularly but does not include payments for working overtime.
scheme employee means:
 (a) a qualified employee who is an eligible employee within the meaning of the Superannuation Act; or
 (b) a qualified employee who is a member of the superannuation scheme within the meaning of the new Superannuation Act.
Superannuation Act means the Superannuation Act 1976.
superannuation fund has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
temporary employee means any person employed, otherwise than in a permanent capacity, by the Commonwealth or by an approved authority, but does not include a person who is engaged or appointed for employment outside Australia only.
yearly interest factor, in relation to a qualified employee in respect of whom an interim benefit is payable in relation to the year commencing on 1 January 1988 or a subsequent year, means the number ascertained in accordance with the formula:

where:
LTBR is the long term bond rate for that year;
PPE is the number of pay periods ending during the person's period of employment as a qualified employee in that year in respect of that benefit (including any period during which the person was on leave without pay); and
PP is the number of pay periods ending in that year.
yearly pay period value, in relation