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A lodgment period is the period within which a claim for a pension bonus can be made. Different formulae apply depending on whether the person's last bonus period is a full year period, or a part-year period. There are exemptions to these formulae if the:
- person is an exempt partnered person at the end of the person's last bonus period,
- person's membership of the scheme becomes non-accruing immediately after the end of the person's last bonus period, or
- person is a post 70/75 member of the scheme and has a post 70/75 work period.
For a full definition see subsection 45UL of the VEA.
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