177Lump sum death benefit—additional compensation fees

177 Lump sum death benefit—additional compensation fees

177 Lump sum death benefit—additional compensation fees

For the 1987 Act, section 25(1A), the fee calculated in accordance with the following formula is prescribed—

Where—

A is $1,309.

B is the amount specified in Table 1, Column 2 that corresponds to the lump sum death benefit, including interest, payable to the dependant specified in Table 1, Column 1.

C is the amount specified in Table 1, Column 3 that corresponds to the lump sum death benefit, including interest, payable to the dependant specified in Table 1, Column 1.

D is $917.82.

E is the amount specified in Table 2, Column 2 that corresponds to the age of the dependant specified in Table 2, Column 1.

F is the lump sum death benefit, including interest, payable to the dependant.

G is the amount specified in Table 2, Column 3 that corresponds to the age of the dependant specified in Table 2, Column 1.

Table 1

| Column 1 | Column 2 | Column 3 | | less than or equal to $100,000 | 0.0385 | 0 | | $100,000.01 to $200,000 | 0.0275 | 1100 | | $200,000.01 to $300,000 | 0.0165 | 3300 | | more than $300,000 | 0.0055 | 6600 |

Table 2

| Column 1 | Column 2 | Column 3 | | Age (years) | | | | 0 | 11.69 | 0.2529 | | 1 | 11.27 | 0.2358 | | 2 | 10.84 | 0.2191 | | 3 | 10.38 | 0.2028 | | 4 | 9.90 | 0.1869 | | 5 | 9.39 | 0.1714 | | 6 | 8.86 | 0.1562 | | 7 | 8.31 | 0.1414 | | 8 | 7.72 | 0.1270 | | 9 | 7.11 | 0.1129 | | 10 | 6.46 | 0.0991 | | 11 | 5.79 | 0.0857 | | 12 | 5.08 | 0.0725 | | 13 | 4.33 | 0.0455 | | 14 | 3.55 | 0.0370 | | 15 | 2.72 | 0.0282 | | 16 | 1.86 | 0.0191 | | 17 | 0.95 | 0.0097 |

cl 177: Ins 2022 (820), Sch 1[5].