45UD
CurrentOverall qualifying period
Volume 1Parts I to IIIAB, sections 1 to 45UY
Part IIIABPension bonus
Division 6Amount of pension bonus
45UD Overall qualifying period
(1)
For the purposes of this Division, if a person has only one qualifying bonus period, that period is the person’s overall qualifying period.
(2)
For the purposes of this Division, if a person has 2 or more qualifying bonus periods, the person’s overall qualifying period is the period:
(a)
beginning at the start of the first qualifying bonus period; and
(b)
ending at the end of the last qualifying bonus period.
However, any period of non‑accruing membership of the pension bonus scheme is taken not to form part of the person’s overall qualifying period.
This Act’s bill:Second reading speech
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