Document ID: chunk:federal_register_of_legislation:F2011C00487:front:0:p3
Version: federal_register_of_legislation:F2011C00487
Segment Type: other
Provision Reference: 
Character Range: 5236–7930

is determined as follows:

Step 1  Identify the amount of the lump sum that would be payable to the member spouse if benefits had become payable to the member spouse at the operative time.
Step 2  Identify the component of the lump sum that would relate to accumulated basic contributions
Step 3  Subtract from the component identified in step 2 any part of that component that would relate to the early release deduction amount.

        The result is the basic contributions amount.

2.03 Supplementary contributions amount

 (1) For the definition of supplementary contributions amount in section 146MA of the Act, the supplementary contributions amount in relation to a member spouse is determined in accordance with this section.

 (2) If:
 (a) the member spouse is, or has been at any time, an eligible employee; and
 (b) the original interest in relation to the member spouse arises from the member spouse being, or having been, an eligible employee;
the supplementary contributions amount is determined as follows:

Step 1  Identify the amount of the lump sum that would be payable to the member spouse if benefits had become payable to the member spouse at the operative time.
Step 2  Identify the component of the lump sum that would relate to accumulated employer contributions (if any).
Step 3  Subtract from the component identified in step 2 any part of that component that would relate to the early release deduction amount.

        The result is the employer contributions amount.

2.04 Scheme value — member spouse with no surcharge debt

 (1) This section applies if the most recent member information statement provided to a member spouse before the operative time did not show a debit in the member spouse's surcharge debt account.

 (2) For the definition of scheme value in section 146MA of the Act:
 (a) if the operative time was before the family law commencement day, the scheme value in relation to the member spouse is the family law value; and
 (b) if the operative time is on or after the family law commencement day:
 (i) the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force at the operative time; or
 (ii) if it is not possible to determine the scheme value using those methods and factors, the scheme value in relation to the member spouse is to be determined by an actuary appointed by CSC for this section.

2.04A Scheme value — member spouse with surcharge debt

 (1) This section applies if the most recent member information statement provided to a member spouse before the operative time (the statement) showed a debit in the member spouse's surcharge debt account.

 (2) For the