Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p8
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 8/9)
Character Range: 1556397–1558990

requirements of Part 3 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest — the product of the amounts calculated in accordance with whichever of paragraph (b) or (c) is applicable, in respect of each entitlement.
 (2) For paragraph (1) (b), the amount is to be calculated in accordance with the formula:
where:
NMProp is the quotient of:
 (a) the value of the spouse's entitlement to the interest under the agreement or order immediately before the time when the requirements of Part 3 of the Regulations were satisfied; and
 (b) the gross value of the person's interest, immediately before those requirements were satisfied, determined in accordance with the method set out in the table following clause 6.
 (3) For paragraph (1) (c), the amount is to be calculated in accordance with the formula:
where:
NMProp is the quotient of:
 (a) the value of the spouse's entitlement to the interest under the agreement or order immediately before the requirements of Part 3 of the Regulations were satisfied; and
 (b) either:
 (i) for a person who, when the requirements of Part 3 of the Regulations were satisfied, was an employee, other than an employee mentioned in paragraph 2 (a), (b), (c), (d), (e) or (f) — the gross value of the person's interest, immediately before the requirements were satisfied, determined in accordance with the method set out in the table in clause 2; or
 (ii) for a person who, when the requirements of Part 3 of the Regulations were satisfied, was an employee mentioned in subclause 5 (1) — the gross value of the person's interest, immediately before the requirements were satisfied, determined in accordance with the method set out in the table in clause 5.
ABPs, Bs, and Cs have the meanings given by subclause 4 (2).
ABPe is a person's accrued benefit points as at the date when the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act.
Be is the number of days in the period:
 (a) commencing on the later of the person's entry date and 1 July 1988; and
 (b) ending at the end of the date when the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;
other than any day when the person was not required to make contributions to the SAS Scheme because the person was on leave without pay.
Ce is the total number of days