Document ID: chunk:federal_register_of_legislation:C2024C00651:section:22ch:p2
Version: federal_register_of_legislation:C2024C00651
Segment Type: section
Provision Reference: s 22CH (pt 2/2)
Character Range: 162685–164188

the next split (the current split), using the formula:

 (c) calculate a factor for each remaining split (if any), using the formula in paragraph (b);
 (d) add together the factors calculated under paragraphs (a) to (c).
Example: Assume 2 splits, with the first split having a basic service factor (BSF) of 0.4 and a transfer factor of 0.5 and the second split having a basic service factor of 0.6 and a transfer factor of 0.5. Applying the above steps, the replacement number for the formula is 0.4, that is:

 (7) In applying the formula in subsection (3), the component (ASF at OT  Transfer factor) is to be replaced by the number calculated using the following steps, based on the chronological order of the operative times (starting with the earliest):
 (a) calculate a factor (the interim factor) for the first split using the formula:

 (b) calculate a factor (the interim factor) for the next split (the current split), using the formula:

 (c) calculate a factor for each remaining split (if any), using the formula in paragraph (b);
 (d) add together the factors calculated under paragraphs (a) to (c).

Reduction not to affect later non‑standard annuity
 (8) A reduction under this section is to be disregarded in calculating the amount of any non‑standard annuity that later becomes payable.
Note: For example, the reduction will be disregarded in calculating the amount of annuity payable under section 19AA in respect of a child of the member spouse after the member spouse's death.