Document ID: chunk:federal_register_of_legislation:C2004A01292:clause:1_22ca:p2
Version: federal_register_of_legislation:C2004A01292
Segment Type: clause
Provision Reference: sch 1 cl 22CA (pt 2/2)
Character Range: 24241–26166

split has the same meaning as in Part VIIIB of the Family Law Act 1975.

payment time, in relation to the affected benefit, means the time when the benefit becomes payable.

scheme value means the amount determined under the Orders.

Secretary means the Secretary of the Department.

section 16A amount means the total referred to in paragraph 16A(1)(c).

section 22Q amount means the employer component, or the sum of the employer components, referred to in paragraph 22Q(5)(c).

splitting agreement means:
 (a) a superannuation agreement (within the meaning of Part VIIIB of the Family Law Act 1975); or
 (b) a flag lifting agreement (within the meaning of Part VIIIB of the Family Law Act 1975) that provides for a payment split.

splitting order has the same meaning as in Part VIIIB of the Family Law Act 1975.

splitting percentage means:
 (a) for a splitting agreement—the percentage specified in the agreement under subparagraph 90MJ(1)(c)(iii) of the Family Law Act 1975; or
 (b) for a splitting order—the percentage specified in the order under subparagraph 90MT(1)(b)(i) of the Family Law Act 1975.

standard allowance or annuity means:
 (a) a retiring allowance; or
 (b) an annuity, other than an annuity under section 19AA.

superannuation interest has the same meaning as in Part VIIIB of the Family Law Act 1975.

transfer amount means:
 (a) if a splitting percentage applies—the amount calculated by multiplying the splitting percentage by the greater of:
 (i) the family law value; and
 (ii) the scheme value; or
 (b) if a base amount applies and the scheme value is not more than the family law value—the base amount; or
 (c) if a base amount applies and the scheme value is more than the family law value—the amount calculated using the formula:

transfer factor means the number calculated by dividing the number of whole dollars in the transfer amount by the number of whole dollars in the scheme value.