Source: https://www.legislation.gov.au/Details/F2018C00821
Timestamp: 2020-01-27 10:37:39
Document Index: 161072434

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Judges' Pensions Regulations 1998
Details: F2018C00821
- F2018C00821
SR 1998 No. 25 Regulations as amended, taking into account amendments up to Judges’ Pensions Amendment Regulations 2018
Judges’ Pensions Amendment Regulations 2018 - F2018L01537
F2018C00821
Part 1A—Age factor
Part 2—Notional surchargeable contributions factors
Part 3—Superannuation Payment split (Part VIIIB, Family Law Act 1975)
Schedule 1—Male Judge
Schedule 2—Female Judge
Statutory Rules No. 25, 1998
Includes amendments up to: F2018L01537
This is a compilation of the Judges’ Pensions Regulations 1998 that shows the text of the law as amended and in force on 6 November 2018 (the compilation date).
Part 1A—Age factor 2
3A......... Age factor........................................................................................... 2
Part 1B—Age factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes 3
3B......... Age factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes.............................................................................................. 3
Part 2—Notional surchargeable contributions factors 4
4............ Notional surchargeable contributions factors...................................... 4
Part 3—Superannuation Payment split (Part VIIIB, Family Law Act 1975) 5
5............ Accrued benefit multiples.................................................................... 5
Schedule 1A—Age factor 6
1............ Factors................................................................................................ 6
Schedule 1—Male Judge 8
Part 1—0 to 9 Years of Service 8
Part 2—10 to 19 Years of Service 10
Part 3—20 to 29 Years of Service 11
Schedule 2—Female Judge 12
Part 1—0 to 9 Years of Service 12
Part 2—10 to 19 Years of Service 14
Part 3—20 to 29 Years of Service 15
These Regulations are the Judges’ Pensions Regulations 1998.
3A Age factor
(1) For subsection 6C (4) of the Act, the age factor is worked out using the following formula:
ay is the factor mentioned in Schedule 1A that applies to the Judge’s gender and age on retirement.
ay+1 is the factor mentioned in Schedule 1A that applies to the Judge’s gender and age, as if the Judge were 1 year older on retirement.
d is the number of days starting at the start of the day after the Judge’s last birthday and ending at the end of the day he or she retires.
Note: d is equal to zero if the Judge retires on his or her birthday.
4 Notional surchargeable contributions factors
(1) For subsection 19 (2) of the Act, the notional surchargeable contributions factor that applies to a male Judge for a financial year is the percentage set out in Schedule 1 that is worked out according to:
(a) the Judge’s period of service as a Judge, in whole years, at the end of the financial year; and
(b) the Judge’s age, on the Judge’s latest birthday, at the end of the financial year.
(2) For subsection 19 (2) of the Act, the notional surchargeable contributions factor that applies to a female Judge for a financial year is the percentage set out in Schedule 2 that is worked out according to:
Note: These Regulations are subject to the application provision in item 21 of Schedule 5 to the Superannuation Legislation Amendment (Superannuation Contributions Tax) Act 1997.]
(a) at separation—the number equal to the time, in days, of qualifying service as a Judge served when separation occurs;
(i) for a Judge to whom subsection 6 (2) of the Act does not apply—the number equal to the time, in days, of service as a Judge served at the time when the Judge becomes, in regard to his or her service, entitled to a pension under the Act; and
(ii) for a Judge to whom subsection 6 (2) of the Act applies—the number equal to the minimum time, in days, of service that the Judge would have had to serve in order to become, in regard to his or her service, entitled to a pension under the Act if that subsection did not apply.
Note: For application of the multiplier, see, in particular, regulations 19 and 26 of the Family Law (Superannuation) Regulations 2001.
Part 1—0 to 9 Years of Service
Part 2—10 to 19 Years of Service
Part 3—20 to 29 Years of Service
Subregulation 4 (2)
343, 2003
295, 2007
27 Sept 2007 (F2007L03758)
4 Sept 2015 (F2015L01400)
5 Sept 2015 (s 2(1) item 1)
5 Nov 2018 (F2018L01537)
6 Nov 2018 (s 2(1) item 1)
ad No 295, 2007
ad F2018L01537
ad No 343, 2003
rs No 151, 2015