OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
PART IA
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REASONABLE BENEFIT LIMITS
Division 4
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Determinations
REGULATION 4R
AMOUNTS OF SUPERANNUATION PENSIONS COUNTED TOWARDS REASONABLE BENEFIT LIMITS
4R(1)
[
Superannuation pension
]
(a) the amount worked out by multiplying the capital value of the pension by the number of days (if any) in the eligible service period of the pension that occurred before 1 July 1983 and dividing the product by the total number of days in the eligible service period;
(b) if the pension is a rebatable superannuation pension - the amount worked out by multiplying the capital value of the pension by the number of days in the eligible service period of the pension that occurred after 30 June 1983 and dividing the product by the total number of days in the eligible service period;
(c) if the pension is not a rebatable superannuation pension - 80 % of the amount referred to in paragraph (b). 4R(2) [ Disability superannuation pension ]
(a) the amount worked out by multiplying the accrued retirement benefit component of the pension by the number of days (if any) in the eligible service period of the pension that occurred before 1 July 1983 and dividing the product by the total number of days in the eligible service period;
(b) if the pension is a rebatable superannuation pension - the amount worked out by multiplying the accrued retirement benefit component of the pension by the number of days in the eligible service period of the pension that occurred after 30 June 1983 and dividing the product by the total number of days in the eligible service period;
(c) if the pension is not a rebatable superannuation pension - 80 % of the amount referred to in paragraph (b).
View history note
Hide history noteThe following amounts are to be counted towards the reasonable benefit limits of a person in respect of a superannuation pension (other than a disability superannuation pension) payable to the person:
(a) the amount worked out by multiplying the capital value of the pension by the number of days (if any) in the eligible service period of the pension that occurred before 1 July 1983 and dividing the product by the total number of days in the eligible service period;
(b) if the pension is a rebatable superannuation pension - the amount worked out by multiplying the capital value of the pension by the number of days in the eligible service period of the pension that occurred after 30 June 1983 and dividing the product by the total number of days in the eligible service period;
(c) if the pension is not a rebatable superannuation pension - 80 % of the amount referred to in paragraph (b). 4R(2) [ Disability superannuation pension ]
The following amounts are to be counted towards the reasonable benefit limits of a person in respect of a disability superannuation pension payable to the person:
(a) the amount worked out by multiplying the accrued retirement benefit component of the pension by the number of days (if any) in the eligible service period of the pension that occurred before 1 July 1983 and dividing the product by the total number of days in the eligible service period;
(b) if the pension is a rebatable superannuation pension - the amount worked out by multiplying the accrued retirement benefit component of the pension by the number of days in the eligible service period of the pension that occurred after 30 June 1983 and dividing the product by the total number of days in the eligible service period;
(c) if the pension is not a rebatable superannuation pension - 80 % of the amount referred to in paragraph (b).
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