14. PSS calculation

(1) For an eligible member referred to in paragraph 12 (1) (a), the PSS calculation is:

(a) for premium periods starting before 1 July 2012, 80% of the amount by which the member’s gross indemnity costs exceed the base amount; and

(b) for premium periods starting on or after 1 July 2012 and before 1 July 2013, 70% of the amount by which the member’s gross indemnity costs exceed the base amount; and

(c) for premium periods starting on or after 1 July 2013, 60% of the amount by which the member’s gross indemnity costs exceed the base amount.

(2) Base amount means:

(a) for a calculation of subsidy under Part 5, 7.5% of the eligible member’s estimated income; or

(b) for a calculation of subsidy under Part 6, 7.5% of the eligible member’s actual income.

(3) For a member referred to in subsection 12 (5), the base amount in subsection (1) is zero and the PSS calculation is:

(a) for premium periods starting before 1 July 2012, 80% of the member’s gross indemnity costs; and

(b) for premium periods starting on or after 1 July 2012 and before 1 July 2013, 70% of the member’s gross indemnity costs; and

(c) for premium periods starting on or after 1 July 2013, 60% of the member’s gross indemnity costs.