Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:98
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 98
Character Range: 191182–192197

98  Scheme value
  For the definition of scheme value the scheme value in relation to a member spouse is determined as follows:

Step 1  Identify the methodology and factors set out in regulations made for section 90MT of the Family Law Act 1975 that would be used to determine the family law value in relation to the member spouse in accordance with that section as if that section applied in relation to the member spouse.

        Note: The family law value is determined in accordance with the Family Law (Superannuation) Regulations 2001 that are made for paragraph 90MT(2)(a) of the Family Law Act 1975. The process of determining the family law value may include reliance on methodology and factors approved by the Attorney‑General under subsection 90MT(3) of that Act.
Step 2  Substitute the factors with factors nominated by an actuary for this rule.
Step 3  Use the methodology identified in step 1, and the factors substituted in step 2, to determine the scheme value in relation to the member spouse.