Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 1
as amended
made under subsection 124A(1) of the
Defence Force Retirement and Death Benefits Act 1973
Compilation start date: 1 July 2003
Includes amendments up to: Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 3
About this compilation
This compilation
This is a compilation of the Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 1 as in force on 1 July 2003. It includes any commenced amendment affecting the legislation to that date.
This compilation was prepared on 15 November 2013.
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.
Uncommenced amendments
The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Modifications
If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.
Provisions ceasing to have effect
If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.
Citation
1. This determination may be cited as the “Superannuation (DFRDB Scheme) (Surcharge Deduction Amount - Conversion Factors) Determination No. 1”.
Commencement
2. This determination shall take effect from and including 21 May 1999.
Purpose
3. The purpose of this determination is to determine, in accordance with advice from the Australian Government Actuary, conversion factors to be used when calculating pension reductions in order to discharge Surcharge Deduction Amounts.
Interpretation
4.(1) In this determination:
“Act” means the Defence Force Retirement and Death Benefits Act 1973; and
“DFRDB Scheme” means the retirement and death benefits scheme established by the Act.
(2) Words and expressions defined in the Act have the same meaning in this determination.
Schedule
5. The conversion factors required to be determined under subsection 124A(1) of the Act are set out in the Table in the Schedule to this determination.
Schedule—Conversion factors required to be determined under subsection 124A(1) of the Act
Age in completed years at date benefit becomes payable |
|
| Age in completed years at date benefit becomes payable |
|
15 | 24.2 |
| 43 | 21.0 |
16 | 24.1 |
| 44 | 20.8 |
17 | 24.1 |
| 45 | 20.6 |
18 | 24.0 |
| 46 | 20.4 |
19 | 23.9 |
| 47 | 20.2 |
20 | 23.9 |
| 48 | 19.9 |
21 | 23.8 |
| 49 | 19.7 |
22 | 23.7 |
| 50 | 19.5 |
23 | 23.6 |
| 51 | 19.2 |
24 | 23.5 |
| 52 | 19.0 |
25 | 23.5 |
| 53 | 18.7 |
26 | 23.4 |
| 54 | 18.4 |
27 | 23.3 |
| 55 | 18.1 |
28 | 23.2 |
| 56 | 17.8 |
29 | 23.1 |
| 57 | 17.5 |
30 | 23.0 |
| 58 | 17.2 |
31 | 22.8 |
| 59 | 16.9 |
32 | 22.7 |
| 60 | 16.6 |
33 | 22.6 |
| 61 | 16.2 |
34 | 22.5 |
| 62 | 15.9 |
35 | 22.3 |
| 63 | 15.5 |
36 | 22.2 |
| 64 | 15.1 |
37 | 22.0 |
| 65 | 14.7 |
38 | 21.9 |
| 66 | 14.4 |
39 | 21.7 |
| 67 | 14.0 |
40 | 21.6 |
| 68 | 13.5 |
41 | 21.4 |
| 69 | 13.1 |
42 | 21.2 |
| 70 | 12.7 |
Endnotes
Endnote 1—About the endnotes
The endnotes provide details of the history of this legislation and its provisions. The following endnotes are included in each compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Endnote 5—Uncommenced amendments
Endnote 6—Modifications
Endnote 7—Misdescribed amendments
Endnote 8—Miscellaneous
If there is no information under a particular endnote, the word “none” will appear in square brackets after the endnote heading.
Abbreviation key—Endnote 2
The abbreviation key in this endnote sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended the compiled law. The information includes commencement information for amending laws and details of application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision level. It also includes information about any provisions that have expired or otherwise ceased to have effect in accordance with a provision of the compiled law.
Uncommenced amendments—Endnote 5
The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in endnote 5.
Modifications—Endnote 6
If the compiled law is affected by a modification that is in force, details of the modification are included in endnote 6.
Misdescribed amendments—Endnote 7
An amendment is a misdescribed amendment if the effect of the amendment cannot be incorporated into the text of the compilation. Any misdescribed amendment is included in endnote 7.
Miscellaneous—Endnote 8
Endnote 8 includes any additional information that may be helpful for a reader of the compilation.
Endnote 2—Abbreviation key
ad = added or inserted | pres = present |
am = amended | prev = previous |
c = clause(s) | (prev) = previously |
Ch = Chapter(s) | Pt = Part(s) |
def = definition(s) | r = regulation(s)/rule(s) |
Dict = Dictionary | Reg = Regulation/Regulations |
disallowed = disallowed by Parliament | reloc = relocated |
Div = Division(s) | renum = renumbered |
exp = expired or ceased to have effect | rep = repealed |
hdg = heading(s) | rs = repealed and substituted |
LI = Legislative Instrument | s = section(s) |
LIA = Legislative Instruments Act 2003 | Sch = Schedule(s) |
mod = modified/modification | Sdiv = Subdivision(s) |
No = Number(s) | SLI = Select Legislative Instrument |
o = order(s) | SR = Statutory Rules |
Ord = Ordinance | Sub-Ch = Sub-Chapter(s) |
orig = original | SubPt = Subpart(s) |
par = paragraph(s)/subparagraph(s) |
|
Endnote 3—Legislation history
Name | Gazettal or FRLI registration | Commencement | Application, saving and transitional provisions |
Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 1 | 23 June 1999 (see Gazette 1999, No. GN25) | 21 May 1999 |
|
Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 2 | 28 Mar 2001 (see Gazette 2001, No. GN12) | 16 Mar 2001 | — |
Superannuation (DFRDB Scheme) (Surcharge Deduction Amount—Conversion Factors) Determination No. 3 | 10 Dec 2003 (see Gazette 2003, No. GN49) | 1 July 2003 | — |
Endnote 4—Amendment history
Provision affected | How affected |
Schedule |
|
Schedule................. | rs No 2, 2001; No 3, 2003 |
Endnote 5—Uncommenced amendments [none]
Endnote 6—Modifications [none]
Endnote 7—Misdescribed amendments [none]
Endnote 8—Miscellaneous [none]