Document ID: chunk:federal_register_of_legislation:C2024C00465:section:49a:p2
Version: federal_register_of_legislation:C2024C00465
Segment Type: section
Provision Reference: s 49A (pt 2/2)
Character Range: 129390–131009

Law Act 1975.
scheme value means the amount determined under the Orders.
splitting agreement means:
 (a) a superannuation agreement (within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975); or
 (b) a flag lifting agreement (within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975) that provides for a payment split.
splitting order means a splitting order within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975.
splitting percentage means:
 (a) for a splitting agreement—the percentage specified in the agreement under subparagraph 90XJ(1)(c)(iii) or 90YN(1)(c)(iii) (as the case may be) of the Family Law Act 1975; or
 (b) for a splitting order—the percentage specified in the order under subparagraph 90XT(1)(b)(i) or 90YY(1)(b)(i) (as the case may be) of the Family Law Act 1975.
standard pension means any of the following:
 (a) retirement pay;
 (b) invalidity benefit;
 (c) pension under section 38 or 39;
 (d) pension under section 43A or 44;
 (e) associate pension.
superannuation interest means a superannuation interest within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975.
transfer amount means:
 (a) if a splitting percentage applies—the amount calculated by multiplying the splitting percentage by the greater of:
 (i) the family law value; and
 (ii) the scheme value; or
 (b) if a base amount applies and the scheme value is not more than the family law value—the base amount; or
 (c) if a base amount applies and the scheme value is more than the family law value—the amount calculated using the formula:

Division 2—Benefits for non‑member spouse