Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:4_2
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 4 cl 2
Character Range: 486618–487901

2  Method
 (1) The method is:
where:
V means the value, at the relevant date, of the actual vested benefit in respect of the interest, determined in accordance with clause 3.
A means the amount that would be the total amount standing to the credit of the member spouse in respect of the interest if the benefit in respect of the interest were fully vested at the relevant date, determined in accordance with clause 4.
fy+m means the vesting factor at the relevant date calculated in accordance with subclause (2).
 (2) For the purposes of subclause (1), the vesting factor (fy+m) at the relevant date is:
where:
fy means the vesting factor mentioned in clause 5 of this Schedule that applies to the relevant vesting period and the length of the member spouse's membership in the plan in completed years at the relevant date.
m means the number of completed months of the member spouse's membership in the plan at the relevant date that are not included in the completed years of membership at that date.
fy+1 means the vesting factor mentioned in clause 5 of this Schedule that would apply to the relevant vesting period if the member spouse's length of membership in the plan were one year more than the member spouse's length of membership in complete years at the relevant date.