26Adjustment of length of membership period

26 Adjustment of length of membership period

26 Adjustment of length of membership period

(1) In this section—

distinct period, in relation to a contributor’s membership period, means a part of the membership period during which the contributor’s salary ratio remained constant.

notional length, in relation to a distinct period, means the length ascertained by multiplying the actual length of the distinct period by the salary ratio that was applicable to the distinct period.

(2) For the purposes of this Act, the adjusted length of a contributor’s membership period is—

(a) where the contributor’s salary ratio remained constant throughout the contributor’s membership period—the length of the contributor’s membership period multiplied by that salary ratio, or

(b) where the contributor’s salary ratio did not remain constant throughout the contributor’s membership period—the length of the period ascertained by adding together the notional lengths of the distinct periods that made up the membership period.

(3) In calculating the adjusted length of a contributor’s membership period under this section, the salary ratio of the contributor during any period that is not an applicable superannuation period shall be deemed to be zero.

s 26: Am 1985 No 154, Sch 1 (12).