Commonwealth Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1948 - SECT 22B

             (1)  The Trust must, in accordance with advice received from the Australian Government 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 .