SCHEDULE 3 - Conversion factors for purposes of regulation 29

Regulation 29

1.    For the purposes of regulation 29 , the conversion factor for determining a lump sum payment under that regulation for each $1 converted by a person referred to in that regulation is, subject to clause 2, as follows:

Age of person on expiration of period of 3 months referred to in regulation 29	Conversion factor
65 or less	10
66	9·8
67	9·6
68	9·4
69	9·2
70	9
71	8·6
72	8·2
73	7·8
74	7·4
75	7
76	6·6
77	6·2
78	5·8
79	5·4
80	5
81	4·6
82	4·2
83	3·8
84	3·4
85	3
86	2·9
87	2·8
88	2·7
89	2·6
90	2·5
91	2·4
92	2·3
93	2·2
94	2·1
95	2
96	1·9
97	1·8
98	1·7
99	1·6
100 or over	1·5

2.    The conversion factor relating to any age is to be reduced by 1/12th of the difference between that factor and the next following factor for each complete month by which the age of the person entitled exceeds that for which a factor is given.