Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:2_4
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 345087–346617

4  Method for subparagraphs 90XJ(1)(b)(ii) and 90YN(1)(b)(ii), and paragraphs 90XT(1)(b) and 90YY(1)(b), of the Act
 (1) If no benefit other than a pension is payable to the member spouse in relation to the interest, the value at a particular time of the non‑member spouse's entitlement in relation to the interest is:
 (2) If another benefit, in addition to a pension, is payable to the member spouse in relation to the interest, the value at a particular time of the non‑member spouse's entitlement in relation to the interest is:
 (3) For the purposes of subclauses (1) and (2), the reversion valuation factor (Ry+m) at the particular time is:
 (4) In applying the factor Py+m in the formula in subclauses (1) and (2), a reference in Schedule 5 or 7 to "the relevant date" is to be read as if it were a reference to "the date when the new interest was created, or the amount was transferred or rolled over or paid to the non‑member spouse, or a separate entitlement for the non‑member spouse arose".
 (5) In applying the factor OB in the formula in subclause (2):
 (a) a reference in clause 4 of Schedule 10 to "the lump sum" or "a lump sum" is to be read as if it were a reference to "the other benefit payable to the member spouse in relation to the superannuation interest"; and
 (b) the minimum deferral period, in relation to the other benefit payable to the member spouse in relation to the superannuation interest, is the minimum period of time until the other benefit is payable.

Part 4—Reversion valuation factors