Lump sum death benefit—additional compensation fees
177 Lump sum death benefit—additional compensation fees
For the 1987 Act, section 25(1A), the fee calculated in accordance with the following formula is prescribed—
Where—
A is $1,309.
B is the amount specified in Table 1, Column 2 that corresponds to the lump sum death benefit, including interest, payable to the dependant specified in Table 1, Column 1.
C is the amount specified in Table 1, Column 3 that corresponds to the lump sum death benefit, including interest, payable to the dependant specified in Table 1, Column 1.
D is $917.82.
E is the amount specified in Table 2, Column 2 that corresponds to the age of the dependant specified in Table 2, Column 1.
F is the lump sum death benefit, including interest, payable to the dependant.
G is the amount specified in Table 2, Column 3 that corresponds to the age of the dependant specified in Table 2, Column 1.
Table 1
Column 1
Column 2
Column 3
less than or equal to $100,000
0.0385
0
$100,000.01 to $200,000
0.0275
1100
$200,000.01 to $300,000
0.0165
3300
more than $300,000
0.0055
6600
Table 2
Column 1
Column 2
Column 3
Age (years)
0
11.69
0.2529
1
11.27
0.2358
2
10.84
0.2191
3
10.38
0.2028
4
9.90
0.1869
5
9.39
0.1714
6
8.86
0.1562
7
8.31
0.1414
8
7.72
0.1270
9
7.11
0.1129
10
6.46
0.0991
11
5.79
0.0857
12
5.08
0.0725
13
4.33
0.0455
14
3.55
0.0370
15
2.72
0.0282
16
1.86
0.0191
17
0.95
0.0097
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