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Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made after 15 January 2010 and before 4 May 2015

 

This table converts a weekly payment for permanent impairment to a lump sum.  Please note that the MRCA enables the maximum lump sum to be paid for males up to age 30.

 

Factors for converting weekly amount (under section 68, 71 or 75(2)) to a lump sum under section 78 of the MRCA where the election is made after 15 January 2010 and before 4 May 2015

Age Next Birthday at the Notice Date

Male

Female

Age Next Birthday at the Notice Date

Male

Female

Up to 31

1326.1

1326.1

61

814.3

903.9

32

1314.3

1326.1

62

791.9

882.2

33

1302.0

1326.1

63

769.4

860.2

34

1289.5

1326.1

64

746.7

837.8

35

1276.6

1326.1

65

723.9

815.0

36

1263.4

1323.6

66

701.0

791.8

37

1249.8

1311.1

67

677.9

768.2

38

1235.8

1298.2

68

654.8

744.3

39

1221.5

1285.1

69

631.5

720.1

40

1206.8

1271.6

70

608.1

695.6

41

1191.7

1257.7

71

584.6

670.8

42

1176.3

1243.6

72

560.0

645.9

43

1160.6

1229.1

73

537.3

620.9

44

1144.4

1214.2

74

513.7

595.7

45

1127.9

1199.0

75

490.4

570.6

46

1111.0

1183.4

76

467.6

545.4

47

1093.7

1167.5

77

445.2

520.3

48

1076.1

1151.2

78

423.2

495.3

49

1058.1

1134.6

79

401.7

470.4

50

1039.8

1117.6

80

380.7

445.9

51

1021.1

1100.3

81

360.3

421.7

52

1002.0

1082.4

82

340.4

397.9

53

982.5

1064.2

83

321.2

374.8

54

962.7

1045.5

84

302.7

352.4

55

942.5

1026.5

85

285.1

330.7

56

922.0

1007.0

86

268.3

310.0

57

901.1

987.2

87

252.5

290.3

58

879.8

966.9

88

237.7

271.6

59

858.2

946.3

89

224.1

254.0

60

836.4

925.3

90 and above

211.6

237.7

           

Example: A male aged 38 next birthday would be entitled to a lump sum of:

  • 1235.8 x the weekly amount of permanent impairment compensation payable.