Commonwealth Consolidated Acts

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PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1948 - SECT 22B

Determination with respect to surcharge commutation amount

  (1)   The Trust must, in accordance with advice received from an actuary, determine in writing the conversion factor that, having regard to:

  (a)   the age of a person when he or she makes an election under subsection   18A(1); and

  (b)   other relevant factors (if any);

is applicable for the purpose of working out, in relation to the person, the yearly amount that would have to be paid to discharge a liability equal to the person's surcharge commutation amount (within the meaning of section   18A).

  (2)   A determination under subsection   (1) must be published in the Gazette .



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