Document ID: chunk:federal_register_of_legislation:F2013L00458:reg:6
Version: federal_register_of_legislation:F2013L00458
Segment Type: reg
Provision Reference: reg 6
Character Range: 2852–3866

6  Scheme value—member spouse with surcharge debt
 (1) This section applies if the most recent member information statement (the statement) provided to a member spouse before the operative time showed a debit in the member spouse's surcharge debt account.
 (2) For the definition of scheme value in subsection 4(1) of the Act, the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force immediately before the operative time.
 (3) However, if:
 (a) it is necessary to calculate the scheme value for the purpose of the definition of transfer amount in subsection 4(1) of the Act; and
 (b) the operative time is on or after the day on which this subsection commences; and
 (c) the Secretary of the Department has received a splitting agreement or splitting order in respect of the original interest;
the scheme value is the value identified under subsection (2), reduced by the amount of the member spouse's surcharge debt shown in the statement.