Document ID: chunk:federal_register_of_legislation:F2022C00514:schedule:1:p12
Version: federal_register_of_legislation:F2022C00514
Segment Type: schedule
Provision Reference: sch 1 (pt 12/13)
Character Range: 229714–232238

A – B expressed as a percentage of B.
 (7) On 1 January and 1 July in each year following 2008, the indexed amount in force immediately before that date is indexed in accordance with subitem (5).

Calculating the lump sum payment
 (8) For the purposes of this item, a lump sum is worked out using the formula:

where:
p means the annual rate of pension worked out in accordance with subitem (2).
a means the spouse's age factor.
 (9) For subitem (8), the spouse's age factor is determined by:
 (a) first—identifying the spouse's age in the list of ages in column 1 of table 4A (for males) or table 4B (for females) in Part 4 of Schedule 1 to the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003; and
 (b) second—adopting the figure in column 6 of table 4A (for males) or table 4B (for females) in Part 4 of Schedule 1 to the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003, which is in the same row as the spouse's age identified using paragraph (a), as the spouse's age factor.

Part 6—Parts of speech and grammatical forms
 13. In the Rules, unless the contrary intention appears, where a word or phrase is given a particular meaning, other parts of speech and grammatical forms of that word or phrase have corresponding meanings.

Part 7—Number
 14. In the Rules, unless the contrary intention appears, words in the singular number include the plural and words in the plural number include the singular.

Part 8—Reckoning of time
 15. Where, in the Rules, any period of time, dating from a given day, act or event, is required or allowed for any purpose, the time is, unless the contrary intention appears, to be reckoned exclusive of that day or the day of that act or event.
 16. Where the last day of any period required or allowed by a provision of the Rules for the doing of anything falls on a Saturday, on a Sunday or on a day which is a public holiday or a bank holiday in the place in which the thing is to be or may be done, the thing may be done on the first day following which is not a Saturday, a Sunday or a public holiday or bank holiday in the place.

Part 9—Attainment of particular age
 17. For the purposes of the Rules, unless the contrary intention appears, the time at which a person attains a particular age expressed in years is the commencement of the relevant anniversary of the date of the birth of that person.

Part 10—Salary
18 (1) Subject to this item, salary,