x Number of days
0.0571 x Number of days
730 where:
Number of days is:
in the case of an employee who becomes a fund employee during the financial year commencing on 1 July 2006 - the number of days in the period:
starting on the last day of the first pay period for the employee ending after 1 July 2006; and
ending at the end of the day on which an amount first becomes payable under section 4F of the Act; or
in the case of an employee in respect of whom an interim benefit becomes payable under section 6 of the Act during the financial year commencing on 1 July 2006 - the number of days between:
the last day of the first pay period for the employee ending after 1 July 2006; and
the day on which the interim benefit becomes payable; or
in the case of an employee who does not become a fund employee during the financial year commencing on 1 July 2006, and in respect of whom an interim benefit does not become payable during that year - the number of days between:
the last day of the first pay period for the employee ending after 1 July 2006; and
30 June 2007.
Note
1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.
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