Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_50:p1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 50 (pt 1/3)
Character Range: 2416005–2418825

50                 109  0.49915         0.63435

Part 3 Local Government Superannuation Scheme

1 Definitions
In this Part:
defined benefit Member has the same meaning as in the Trust Deed.
Scheme means the scheme continued in existence under subsection 1180 (1) of the Local Government Act 1993 (Qld) under the name Local Government Superannuation Scheme.
Trust Deed means the Trust Deed made on 23 June 1998 by the Queensland Local Government Superannuation Board, as amended and in force on the commencement of this Part.

2 Methods and factors for interests of members in the Scheme
  For an interest that:
 (a) is in the growth phase in the Scheme; and
 (b) is mentioned in an item in the following table;
the method or factor mentioned in the item is approved for section 4 of this instrument.

Item  Interest in the growth phase                                             Method or factor
 1    An interest that a person has in the Scheme as a defined benefit Member  If the person is aged less than 55 at the relevant date — the value of the benefit that would have been payable to the person under clause 98 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
                                                                               If the person is aged at least 55 but less than 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 92 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.
                                                                               If the person is aged at least 70 at the relevant date — the value of the benefit that would have been payable to the person under clause 93 of the Trust Deed if the person had been eligible to receive that benefit on the relevant date.

Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003
made under regulations 38 and 43A of the

Family Law (Superannuation) Regulations 2001

Compilation No. 29

Compilation date: 13 March 2024

                Includes amendments: F2024L00295

Registered: 25 March 2024

This compilation is in 6 volumes

Volume 1: sections 1–5 and Schedule 1 (Parts 1 and 2)
Volume 2: Schedule 1 (Parts 3 and 4)
Volume 3: Schedule 1 (Part 5)
Volume 4: Schedule 1 (Parts 6 and 7)
Volume 5: Schedule 2
Volume 6: Schedules 3 and 4
Volume 7: Schedules 5–10 and Endnotes

Each volume has its own contents

About this compilation

This compilation

This is a compilation of the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003 that shows the text of the law as amended and in force on 13 March 2024 (the compilation date).

The notes at the