Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_6:p2
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/3)
Character Range: 2387465–2398681

calculated by reference to the second amount paid under section 364 of the participation schedule; and
                                                                                                                                                                                                                                                                                                                              (b) for PFLV the value of the interest is the value at the time immediately before the second payment under section 364 of the participation schedule was made, calculated in accordance with Method 1 of this item.
                                                                                                                                                                                                                                                                                                                       ABM2 (accrued benefit multiple) for a person when the second amount was paid is:

                                                                                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                                                                                          M is:
                                                                                                                                                                                                                                                                                                                              (a) if the person has received salary as a member for an aggregate period of at least 96 months but less than 97 months before the second amount was paid — zero; or
                                                                                                                                                                                                                                                                                                                              (b) in any other case — the lesser of:
                                                                                                                                                                                                                                                                                                                                  (i) the number of complete months in excess of 96 for which the person has received salary as a member before the second amount was paid; and
                                                                                                                                                                                                                                                                                                                                  (ii) 144.
                                                                                                                                                                                                                                                                                                                          TOS is the total amount of salary that the person has received as a member before the second amount was paid.
                                                                                                                                                                                                                                                                                                                          TBS is the total amount of basic salary that the person has received as a member before the second amount was paid.
                                                                                                                                                                                                                                                                                                                       p1 is the factor calculated in accordance with the method for the factor p in Method 1 of this item.
                                                                                                                                                                                                                                                                                                                       ABM1 has the meaning given in Method 1 of this item.
                                                                                                                                                                                                                                                                                                                       Method 3
                                                                                                                                                                                                                                                                                                                       This method applies if 3 amounts only have been paid under section 364 of the participation schedule for the entitlement of an entitled former spouse:
                                                                                                                                                                                                                                                                                                                       where:
                                                                                                                                                                                                                                                                                                                       ABM has the meaning given by item 5.
                                                                                                                                                                                                                                                                                                                       p3 is the factor calculated in accordance with the method for the factor p in Method 1 of this item, modified so that:
                                                                                                                                                                                                                                                                                                                        (a) for NMSB, the amount paid is to be calculated by reference to the third amount paid under section 364 of the participation schedule; and
                                                                                                                                                                                                                                                                                                                        (b) for PFLV, the value of the interest is the value at the time immediately before the third payment under section 364 of the participation schedule was made, calculated in accordance with Method 2 of this item.
                                                                                                                                                                                                                                                                                                                       ABM3 (accrued benefit multiple) for a person when the third amount was paid is:
                                                                                                                                                                                                                                                                                                                          where:
                                                                                                                                                                                                                                                                                                                          M is:
                                                                                                                                                                                                                                                                                                                              (a) if the person has received salary as a member for an aggregate period of at least 96 months but less than 97 months before the third amount was paid — zero; or
                                                                                                                                                                                                                                                                                                                              (b) in any other case — the lesser of:
                                                                                                                                                                                                                                                                                                                                  (i) the number of complete months in excess of 96 for which the person has received salary as a member before the third amount was paid; and
                                                                                                                                                                                                                                                                                                                                  (ii) 144.
                                                                                                                                                                                                                                                                                                                          TOS is the total amount of salary that the person has received as a member before the third amount was paid.
                                                                                                                                                                                                                                                                                                                          TBS is the total amount