2Methods and factors for interests of members in the Scheme — growth phase

2 Methods and factors for interests of members in the Scheme — growth phase

For an interest that is in the growth phase in the Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for these Orders.

<table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><thead><tr><td style="width:19.25pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span>Item</span></p></td><td style="width:121.15pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span>Interest in the growth phase</span></p></td><td colspan="2" style="width:187.2pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span>Method or factor</span></p></td></tr></thead><tbody><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>1</span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>An interest that a person who is a member of either House has in the Scheme.</span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt; text-align:center"><span>(ABP × Parl. A + AARA – PC) × PF</span><span style="font-size:7.33pt; vertical-align:sub">y+m,s</span><span> + LS ×</span><span> </span><span>LSF</span><span style="font-size:7.33pt; vertical-align:sub">y+m,s</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>where:</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">ABP</span><span> is the person’s accrued basic pension multiple at the operative time calculated, by reference to the person’s period of service:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>by adding:</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>for service that occurred within the first 8 years</span><span> </span><span>— 0.0625 × each full year of service plus 0.0625/365 × the number of left</span><span>‑</span><span>over days in that period; and</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>for service that occurred within the next 10 years</span><span> </span><span>— 0.025 × each full year of service plus 0.025/365 × the number of left</span><span>‑</span><span>over days in that period; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:9pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>if section 22CD of the Act applies to the interest</span><span style="font-family:Arial, sans-serif; font-size:10pt"> </span><span>— by subtracting from the amount calculated under paragraph (a) any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(6) of the Act) that would apply after a retiring allowance becomes payable.</span></p><p class="Note" style="margin-top:9pt; margin-left:0pt"><span style="font-size:10pt; font-style:italic">Note</span><span style="font-size:10pt"> </span><span style="font-size:10pt"></span><span style="font-size:10pt"></span><span style="font-size:10pt">ABP will not exceed 0.75.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">Parl. A </span><span>is the parliamentary allowance of the person, expressed as an annual amount, at the operative time.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">AARA </span><span>is the person’s additional retiring allowance, if any, being the lesser of:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the sum of the additional retiring allowances accrued at the operative time by the person for each office the person held as a Minister of State or as an office holder during the person’s period of service, calculated, for each office, as the product of:</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>the person’s accrued additional retiring allowance multiple</span><span> </span><span>— being 0.0625 × the number of years, and any fraction of a year, the person served as a Minister of State or an office holder, as the case may be, during that period, and if section 22CD of the Act applies to the interest, that multiple less the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable; and</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time; and</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>whichever of the following applies:</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act does not apply to the interest</span><span> </span><span>— 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act applies to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Query"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:19.81pt; text-indent:0pt; display:inline-block"></span><span>(iii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act does not apply to the interest — 75% of the highest annual salary or annual allowance by way of salary payable in respect of those offices at the operative time;</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:20.42pt; text-indent:0pt; display:inline-block"></span><span>(iv)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act applies to the interest — 75% of the highest annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of those offices, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-weight:bold; font-style:italic">PC</span><span> is the annual amount, if any, by which the person’s retiring allowance is reduced under subsection 20</span><span> </span><span>(3A) of the Act.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">PF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+m,s</span><span style="font-weight:bold; font-style:italic"> </span><span>is the pension valuation factor calculated in accordance with the following formula:</span></p><p class="Formula" style="margin-top:3pt"><img src="image.004.png" width="164" height="41" alt="Start formula start fraction PF subscript y comma s times open bracket 12 minus m close bracket plus PF subscript y plus 1 comma s times m over 12 end fraction end formula"></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Query"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span>where:</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">PF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y,s</span><span style="font-weight:bold; font-style:italic"> </span><span>is the pension valuation factor mentioned, for:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s age in completed years (</span><span style="font-weight:bold; font-style:italic">y</span><span>) at the operative time; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s period of service in completed years (</span><span style="font-weight:bold; font-style:italic">s</span><span>) as at the date of the last House of Representatives election before the operative time;</span></p><p class="TableText" style="margin-top:6pt"><span>in whichever of Tables 1 to 36 is applicable, according to Table A, given the following:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(c)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s gender;</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(d)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>whether he or she is a member of the House of Representatives or the Senate or was such a member at the operative time;</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(e)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>whether or not, if he or she became entitled to a retiring allowance within the meaning of the Act, he or she would be a deferring member;</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:9.41pt; text-indent:0pt; display:inline-block"></span><span>(f)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the number of completed years, at the operative time, since the last election of the House of Representatives;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a" style="margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(g)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">m </span><span>is the number of complete months of the person’s age at the operative time that are not included in the person’s completed years of age.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">PF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+1,s</span><span> is the pension valuation factor mentioned in whichever of Tables 1 to 36 is applicable that would apply</span><span style="font-weight:bold; font-style:italic"> </span><span>if the person’s age in completed years at the operative time were 1</span><span> </span><span>year more than it is.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">LS</span><span> is the sum of the person’s member contributions paid to the operative time, plus:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>for a person whose period of service is at least 8 years</span><span> </span><span>— 2</span><span style="font-size:14pt">⅓</span><span> times the person’s member contributions paid in the period of service of 8 years immediately before the operative time; or</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>for a person whose period of service is less than 8 years</span><span> </span><span>— 2</span><span style="font-size:14pt">⅓</span><span> times the person’s member contributions paid in the period of service immediately before the operative time.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">LSF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+m,s</span><span> is the factor calculated in accordance with the following formula:</span></p><p class="Formula" style="margin-top:3pt"><img src="image.005.png" width="181" height="41" alt="Start formula start fraction LSF subscript y comma s times open bracket 12 minus m close bracket plus LSF subscript y plus 1 comma s times m over 12 end fraction end formula"></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span>where:</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">LSF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y,s</span><span style="font-weight:bold; font-style:italic"> </span><span>is the lump sum valuation factor mentioned for:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s age in completed years (</span><span style="font-weight:bold; font-style:italic">y</span><span>) at the operative time; and</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s period of service in completed years (</span><span style="font-weight:bold; font-style:italic">s</span><span>) as at the date of the last House of Representatives election before the operative time;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>in whichever of Tables 37 to 54 is applicable, according to Table B, given the following:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(c)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the person’s gender;</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(d)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>whether he or she is a member of the House of Representatives or the Senate;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(e)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the number of completed years, at the operative time, since the last election of the House of Representatives;</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:9.41pt; text-indent:0pt; display:inline-block"></span><span>(f)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">m </span><span>has the meaning given above.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">LSF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+1,s</span><span style="font-weight:bold; font-style:italic"> </span><span>is the lump sum valuation factor mentioned in whichever of Tables 37 to 54 is applicable that would apply if the person’s age in completed years at the operative time were 1 year more than it is.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>2</span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>An interest that a person who has ceased to be a member of either House has in the Scheme as a deferring member under Part VA of the Act, before the day on which the person attains the age of 55</span><span> </span><span>years.</span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt; text-align:center"><span>(ABP × Parl. A + AARA – PC) × DPF</span><span style="font-size:7.33pt; vertical-align:sub">y+m</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>where:</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">ABP</span><span> is the person’s accrued basic pension multiple at the operative time calculated, by reference to the person’s period of service:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>by adding:</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>for service that occurred within the first 8 years</span><span> </span><span>— 0.0625 × each full year of service plus 0.0625/365 × the number of left</span><span>‑</span><span>over days in that period; and</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>for service that occurred within the next 10 years</span><span> </span><span>— 0.025 × each full year of service plus 0.025/365 × the number of left</span><span>‑</span><span>over days in that period; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>if section 22CD of the Act applies to the interest</span><span style="font-family:Arial, sans-serif; font-size:10pt"> </span><span>— by subtracting from the amount calculated under paragraph (a) any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(6) of the Act) that would apply after a retiring allowance becomes payable.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-size:9pt; font-style:italic">Note</span><span style="font-size:9pt"> </span><span style="font-size:9pt"></span><span style="font-size:9pt"></span><span style="font-size:9pt">ABP will not exceed 0.75.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">Parl. A </span><span>is the parliamentary allowance, expressed as an annual amount, payable to a member of either House of the Parliament at the operative time.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="page-break-after:avoid"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="page-break-after:avoid"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="page-break-after:avoid"><span style="font-weight:bold; font-style:italic">AARA </span><span>is the person’s additional retiring allowance, if any, being the lesser of:</span></p><p class="TableP1a" style="margin-top:3pt; page-break-after:avoid"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the sum of the additional retiring allowances accrued at the operative time by the person for each office the person held as a Minister of State or as an office holder during the person’s period of service, calculated, for each office, as the product of:</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>the person’s accrued additional retiring allowance multiple — being 0.0625 × the number of years, and any fraction of a year, the person served as a Minister of State or an office holder, as the case may be, during that period, and if section 22CD of the Act applies to the interest, that multiple less the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable; and</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time; and</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP1a"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>whichever of the following applies:</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:25.92pt; text-indent:0pt; display:inline-block"></span><span>(i)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act does not apply to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:22.86pt; text-indent:0pt; display:inline-block"></span><span>(ii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act applies to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time;</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableP2i"><span style="width:19.81pt; text-indent:0pt; display:inline-block"></span><span>(iii)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act does not apply to the interest — 75% of the highest annual salary or annual allowance by way of salary payable in respect of those offices at the operative time;</span></p><p class="TableP2i" style="margin-top:3pt"><span style="width:20.42pt; text-indent:0pt; display:inline-block"></span><span>(iv)</span><span style="width:7.1pt; text-indent:0pt; display:inline-block"> </span><span>if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act applies to the interest — 75% of the highest annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of those offices, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH</span><span> </span><span>(7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">PC</span><span> is the annual amount, if any, by which the person’s retiring allowance is reduced under subsection 20</span><span> </span><span>(3A) of the Act.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">DPF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+m</span><span style="font-weight:bold; font-style:italic"> </span><span>is the deferred pension valuation factor calculated in accordance with the following formula:</span></p><p class="Formula" style="margin-top:3pt"><img src="image.006.png" width="173" height="41" alt="Start formula start fraction DPF subscript y times open bracket 12 minus m close bracket plus DPF subscript y plus 1 times m over 12 end fraction end formula"></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span>where:</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span style="font-weight:bold; font-style:italic">DPF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y</span><span style="font-weight:bold; font-style:italic"> </span><span>is the deferred pension valuation factor mentioned in Table 55 that applies at the person’s age in completed years (</span><span style="font-weight:bold; font-style:italic">y</span><span>) at the operative time for the person’s gender.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-weight:bold; font-style:italic">m </span><span>is the number of complete months of the person’s age at the operative time that are not included in the person’s completed years of age.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold; font-style:italic">DPF</span><span style="font-size:7.33pt; font-weight:bold; font-style:italic; vertical-align:sub">y+1 </span><span>is the deferred pension valuation factor mentioned in Table 55 that would apply if the person’s age in completed years at the operative time were 1 year more than it is.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>3</span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:12pt"><span>An interest that a person has in the Scheme if the person is entitled to an associate deferred annuity under subsection 22CD</span><span> </span><span>(3) of the Act.</span></p><p class="Query" style="margin-top:12pt"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Formula" style="margin-bottom:3pt"><img src="image.007.png" width="39" height="19" alt="Start formula UTA end formula"></p><p class="TableText"><span>where </span><span style="font-weight:bold; font-style:italic">UTA</span><span> is:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the lump sum value of the transfer amount, as increased in accordance with the method set out below; or</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>if section 22CD of the Act applies to the interest</span><span> </span><span>— the amount calculated under paragraph (a) less the sum of any reductions that apply under section 22CI of the Act, as if the annuity had become payable at the operative time.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="page-break-after:avoid"><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="page-break-after:avoid"><span></span></p></td><td colspan="2" style="width:187.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="page-break-after:avoid"><span style="font-weight:bold">Method for increasing transfer amount</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold">Step 1</span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span>Increase the transfer amount for any period between the operative time (being the operative time in relation to the splitting agreement or splitting order as a result of which the person has the entitlement under subsection 22CD</span><span> </span><span>(3) of the Act) and the operative time, using the Treasury bond rate for the last working day of the financial year ending immediately before the period for which the increase is being calculated for bonds with a 10</span><span> </span><span>year term.</span></p><p class="TableText" style="margin-top:6pt"><span style="font-size:10pt; font-style:italic">Note</span><span style="font-size:10pt"> </span><span style="font-size:10pt"></span><span style="font-size:10pt"></span><span style="font-size:10pt">The period between the operative time and the operative time may include a number of full financial years, or may occur entirely within a single financial year.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-style:italic">Treasury bond rate for bonds with a 10 year term</span></p><p class="TableText" style="margin-top:6pt"><span>The Treasury bond rate for the last working day of a financial year for bonds with a 10 year term is:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>if any Treasury bonds with that term were issued on that day</span><span> </span><span>— the annual yield on those bonds; or</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>in any other case</span><span> </span><span>— the annual yield on Treasury bonds with that term, as published by the Reserve Bank of Australia for that day.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span style="font-size:10pt; font-weight:bold"></span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-style:italic">Calculation of increase in transfer amount</span></p><p class="TableText" style="margin-top:6pt"><span>The increase in the transfer amount is calculated:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>at the end of each financial year that occurs between the operative time and the operative time; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>immediately before the operative time;</span></p><p class="TableText" style="margin-top:6pt"><span>using the applicable Treasury bond rate for the relevant period worked out in accordance with steps 2, 3 and</span><span> </span><span>4, and compounded period by period.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span style="font-weight:bold">Step 2</span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-style:italic">First period</span></p><p class="TableText" style="margin-top:6pt"><span>Identify the shorter of:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the period between the operative time and the end of the financial year in which the operative time occurs; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>the period between the operative time and the operative time.</span></p><p class="TableText" style="margin-top:6pt"><span>This is the </span><span style="font-weight:bold; font-style:italic">first period</span><span>.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span></span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span>Multiply the number of days in the first period by the Treasury bond rate for bonds with a 10</span><span> </span><span>year term that is applicable to the financial year in which the first period occurs, and divide the result by 365.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold"></span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span>Round the result to 3 decimal places.</span></p><p class="TableText" style="margin-top:6pt"><span>The result is the applicable Treasury bond rate for the first period.</span></p></td></tr><tr><td style="width:19.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold">Step 3</span></p></td><td style="width:139.2pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-style:italic">Full financial years (if any)</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>Use this step if a full financial year occurs immediately after the end of the first period and before the operative time. This is the </span><span style="font-weight:bold; font-style:italic">second period</span><span>.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>Identify the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>Round the result to 3 decimal places.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>The result is the applicable Treasury bond rate for the second period.</span></p><p class="TableText" style="margin-top:6pt"><span>Repeat this arrangement for each full financial year after the second period.</span></p></td></tr><tr><td style="width:19.25pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:121.15pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:37.2pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText"><span style="font-weight:bold">Step 4</span></p></td><td style="width:139.2pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableText" style="margin-bottom:6pt"><span style="font-style:italic">Final period (if any)</span></p><p class="TableText" style="margin-top:6pt"><span>Use this step if:</span></p><p class="TableP1a" style="margin-top:3pt"><span style="width:8.19pt; text-indent:0pt; display:inline-block"></span><span>(a)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>there is any period between the end of a financial year and the operative time; and</span></p><p class="TableP1a" style="margin-top:3pt; margin-bottom:6pt"><span style="width:7.57pt; text-indent:0pt; display:inline-block"></span><span>(b)</span><span style="width:6.25pt; text-indent:0pt; display:inline-block"> </span><span>neither step 2 nor step 3 covers that period.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>This is the </span><span style="font-weight:bold; font-style:italic">final period</span><span>.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>Multiply the number of days in the final period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the final period occurs, and divide the result by 365.</span></p><p class="TableText" style="margin-top:6pt; margin-bottom:6pt"><span>Round the result to 3 decimal places.</span></p><p class="TableText" style="margin-top:6pt"><span>The result is the applicable Treasury bond rate for the final period.</span></p></td></tr></tbody></table> ```