Document ID: chunk:federal_register_of_legislation:C2018C00341:clause:1_44
Version: federal_register_of_legislation:C2018C00341
Segment Type: clause
Provision Reference: sch 1 cl 44
Character Range: 25525–26430

44  Definitions
In this Part:
commencement time means the time when this Schedule commences.
family law value means the amount determined in accordance with regulations under the Family Law Act 1975 that apply for the purposes of paragraph 90MT(2)(a) of that Act. In applying those regulations, the relevant date is taken to be the date on which the commencement time occurs.
          Note: This amount is determined by applying those regulations, whether or not an order has been made under subsection 90MT(1) of that Act.
item 48 orders means the orders made under item 48 of this Schedule.
Judges' Pensions Act means the Judges' Pensions Act 1968.
transfer amount means the amount rounded to the nearest cent (rounding 0.5 cents upwards) that is worked out by multiplying the splitting percentage by the greater of:
 (a) the family law value; and
 (b) the amount determined under the item 48 orders.