Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
SCHEDULE 4 - Conversion FactorSCHEDULE 4 - Conversion Factors for purposes of regulation 30
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SCHEDULE 4 - Conversion Factor SCHEDULE 4 - Conversion Factors for purposes of regulation 30
1. For the purposes of regulation 30 , the conversion factor for determining a lump sum payment under that regulation for each $1 converted on behalf of a child is, subject to clause 2, as follows:
| Age of child on expiration of period of 3 months referred to in regulation 30 | Conversion factor | | 0 | 11·15 | | 1 | 10·79 | | 2 | 10·41 | | 3 | 10 | | 4 | 9·57 | | 5 | 9·12 | | 6 | 8·63 | | 7 | 8·12 | | 8 | 7·58 | | 9 | 7 | | 10 | 6·39 | | 11 | 5·75 | | 12 | 5·06 | | 13 | 4·34 | | 14 | 3·57 | | 15 | 2·75 | | 16 | 1·89 | | 17 | 0·97 | | 18 | 0 |
2. The conversion factor relating to any age is to be reduced by 1/12th of the difference between that factor and the next following factor for each complete month by which the age of the child entitled exceeds that for which a factor is given.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 7 December 2016
These regulations are administered in the Department of Treasury and Finance.