Veterans' Entitlements Act 1986

To calculate the amount of a person’s pension bonus:

work out which of the person’s bonus periods count as qualifying bonus periods (see section 45UC);

work out the person’s overall qualifying period (see section 45UD);

work out the person’s pension multiple (see section 45UE);

work out the person’s annual pension rate (see section 45UF);

apply the appropriate formula in section 45UG.

Bonus period is defined by section 45TR.

For the purposes of this Division, a number of years is to be calculated to 3 decimal places. However, if a number worked out in accordance with this subsection would, if it were calculated to 4 decimal places, end in a digit that is greater than 4, the number is to be increased by 0.001.