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BUILDING AND CONSTRUCTION INDUSTRY LONG SERVICE PAYMENTS ACT 1986 - SECT 29
Amount of long service payment
(1) As soon as practicable after an application is made to the Corporation
under section 28 (1) or (2), the Corporation shall, subject to subsection (2)
and section 30, pay to the applicant a long service payment calculated in
accordance with the following formula:

(2) Where a long service payment payable under subsection (1) is payable in
respect of a registered worker who is or, immediately before the
registered worker’s death, was a foundation worker, that
long service payment is the first such payment payable in respect of that
registered worker (whether under this Act or the former Act) and the
application for the payment was made under: (a) section 28 (1) (a), (f) or (g)
or (2) (a) or (b), the payment under subsection (1) shall be increased by an
amount calculated in accordance with the following formula:

(b) section 28 (1) (c) or (2) (c), the payment under subsection (1): (i) shall
be increased by an amount calculated in accordance with the following formula:

(ii) where the registered worker has more than 5 years’ service credits in
the register of workers-shall be further increased in accordance with the
following formula:

(c) section 28 (1) (d) or (1) (e), the payment under subsection (1) shall be
increased by an amount calculated in accordance with the following formula:

(3) For the purposes of the formulae in subsections (1) and (2):
"LSP" represents the amount of the long service payment,
"I" represents the amount of the increase or the further increase, as the case
may be,
"S" represents the number of days’ service with which the registered worker
in respect of whom the application is made is credited in the
register of workers at the date the application is lodged with the Corporation
or, if the worker so requests, at a date after which an entitlement under
section 28 (1) first arose,
"P" represents, at the date applicable in
"S": (a) in the case of a registered worker who, in the opinion of the
Corporation, performed work under a contract of employment during the whole or
a majority of the relevant period before that date-the amount of ordinary pay
that is, in the opinion of the Corporation: (i) payable for the classification
of the registered worker under the award fixing a rate of pay for that work,
calculated as at that date in respect of work on 5 working days during those
hours in which ordinary pay is payable, or
(ii) payable under an award fixing
a rate of pay for work that is equivalent, or substantially equivalent, to the
type of work carried out by the registered worker, calculated as at that date
in respect of work on 5 working days during those hours in which ordinary pay
is payable, or
(iii) if the registered worker is a person referred to in
paragraph (c) (i) of the definition of
"building and construction work" in section 3-payable under an award fixing a
rate of pay for work that is equivalent, or substantially equivalent, to the
type of work carried out by workers under the supervision of the
registered worker, calculated as at that date in respect of work on 5
working days during those hours in which ordinary pay is payable, or
(iv) if
the registered worker is a person referred to in paragraph (c) (ii) of the
definition of
"building and construction work" in section 3-payable under an award fixing a
rate of pay for work that is equivalent, or substantially equivalent, to the
type of work carried out by workers for whom the registered worker has
responsibility in his or her capacity as a clerk of works, calculated as at
that date in respect of work on 5 working days during those hours in which
ordinary pay is payable, or
(b) in any other case-an amount that is
determined by the Corporation as the appropriate amount of ordinary pay at
that date in respect of work on 5 working days during hours in which ordinary
pay is payable and that is calculated by reference to either of the following
rates: (i) the rate of ordinary pay that is, in the opinion of the
Corporation, payable under an award for work that is equivalent (or
substantially equivalent) to the type of work carried out by the
registered worker, or
(ii) another rate of ordinary pay that is, in the
opinion of the Corporation, appropriate to the type of work carried out by the
registered worker.
(4) A reference in subsection (3) in the matter relating
to P to the relevant period before any date is a reference to the last period
of 55 working days before the date during which the registered worker
performed building and construction work.
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