Australian Defence Force Cover Act 2015
4Definitions
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4 Definitions
In this Act:
ADF means the Australian Defence Force.
ADF Super has the same meaning as in the Australian Defence Force Superannuation Act 2015.
basic annual rate of invalidity pension for an invalid on a day (the key day) is the rate worked out using the formula:
Start formula Invalid's prospective service to age 60 times Current value on the key day of the invalid's salary on the day he or she was discharged times Incapacity factor on the key day end formula
Note: If the basic annual rate of invalidity pension is relevant to the rate of another pension payable under Division 3 or 4 of Part 2, Division 5 of that Part may affect the incapacity factor and therefore the basic annual rate.
benefit means a pension or other payment under this Act.
Board has the same meaning as in the Governance of Australian Government Superannuation Schemes Act 2011.
continuous full‑time Reservist means a member of the Reserves who is rendering a period of continuous full‑time service.
covered ADF member means a person:
(a) who is under 60; and
(b) who is a member of the Permanent Forces or a continuous full‑time Reservist; and
(c) who either:
(i) is an ADF Super member (as defined in the Australian Defence Force Superannuation Act 2015); or
(ii) would have been an ADF Super member except that a fund other than ADF Super has become the person’s chosen fund under section 32F of the Superannuation Guarantee (Administration) Act 1992 for contributions by the Department.
CSC (short for Commonwealth Superannuation Corporation) has the same meaning as in the Governance of Australian Government Superannuation Schemes Act 2011.
current value: the current value on a day (the key day) of the rate of a person’s salary or pension on the day the person was medically discharged or died is:
(a) if the key day is before the first 1 January or 1 July after the day of the discharge or death—that rate; or
(b) if the key day is on or after the first 1 January or 1 July after the day of the discharge or death—that rate, as affected by indexation under section 43 on each 1 January and 1 July that is:
(i) after the day of the discharge or death; and
(ii) before or on the key day.