(1) The amount of compensation that the Commonwealth is liable to pay under section 233 is:
(a) if the Commission has accepted liability for the member's death--the amount of the lump sum mentioned in subsection (2); and
(b) in any case--subject to section 236, the weekly amount mentioned in subsection (5) of this section.
Note: Section 236 allows the partner to choose to convert 25%, 50%, 75% or 100% of the weekly amount to a lump sum.
(2) For the purposes of paragraph (1)(a), the amount of the lump sum is the amount worked out using the following formula:
Note 1: Subsection (7) defines partner's age - based number .
Note 2: The amount of $100,000 is indexed under section 404.
(5) For the purposes of paragraph (1)(b), the weekly amount is:
(a) one half of the fortnightly rate at which a pension is payable from time to time under paragraphs 30(1)(a), (b) and (c) of the Veterans' Entitlements Act 1986 ; and
(b) payable from the date of the member's death until the partner's death.
(7) In this section:
"partner's age-based number" , in respect of a lump sum under paragraph (1)(a), means the number that is advised by the Australian Government Actuary by reference to the partner's age at the date of the member's death.