Document ID: chunk:federal_register_of_legislation:F2023C01022:clause:1a_2:p1
Version: federal_register_of_legislation:F2023C01022
Segment Type: clause
Provision Reference: sch 1A cl 2 (pt 1/2)
Character Range: 267940–270619

2  Definitions
  In this Schedule:
accrued benefit multiple at payment means the member spouse's accrued benefit multiple, as defined in the governing rules of the eligible superannuation plan in which the superannuation interest is held, at the date when the new interest is created, or the amount is transferred or rolled over or paid to the non‑member spouse, or a separate entitlement for the non‑member spouse arose.
accrued benefit multiple at separation means the member spouse's accrued benefit multiple, as defined in the governing rules of the eligible superannuation plan in which the superannuation interest is held, at the date when the member spouse and non‑member spouse separated or, if there have been 2 or more separations, at the date of the most recent separation.
F means the amount of any fees payable by the non‑member spouse under regulation 59.
m means the number of completed months of the member spouse's age that are not included in the completed years at the date mentioned in the definition of the factor Ry.
OB means the amount of the other benefit payable to the member spouse in relation to the interest multiplied by the relevant discount valuation factor that applies under clause 4 of Schedule 6.
Py+m means the pension valuation factor under Schedule 4 that applies to the particular pension payable to the member spouse at the member spouse's age at the date when the new interest is created, or the amount is transferred or rolled over or paid to the non‑member spouse, or a separate entitlement for the non‑member spouse arose.
r means:
 (a) if there is a surviving spouse of the member spouse—the reversionary percentage that would be payable to the surviving spouse if the member spouse had died on the day when the new interest is created, or the amount is transferred or rolled over or paid to the non‑member spouse, or a separate entitlement for the non‑member spouse arose; and
 (b) in any other case—zero.
Ry means the reversion valuation factor mentioned in clause 5 of this Schedule that applies to the pension and the member spouse's age in completed years at the date when the new interest is created, or the amount is transferred or rolled over or paid to the non‑member spouse, or a separate entitlement for the non‑member spouse arose.
Ry+1 means the reversion valuation factor mentioned in clause 5 of this Schedule that applies to the pension and the member spouse's age at the completion of the next year after the year mentioned in the definition of the factor Ry.
X means the percentage specified in the relevant superannuation agreement, flag lifting agreement or splitting order.
YP means the amount of pension payable