Document ID: chunk:federal_register_of_legislation:F2015C00404:reg:15
Version: federal_register_of_legislation:F2015C00404
Segment Type: reg
Provision Reference: reg 15
Character Range: 41228–41928

15  Reduction of productivity superannuation benefit
 (1) For subsection 52(5) of the Defence Act, this clause applies to a productivity superannuation benefit in respect of the original interest if the benefit becomes payable at a time after the operative time.
 (2) The amount to which the productivity benefit payable to the member spouse after the operative time is to be reduced is to be worked out in accordance with the benefit reduction methodology developed and maintained by an actuary for this clause.

Schedule—Factors concerned in the calculation of interest applicable in respect of certain calendar years

Note: See clauses 8A and 8AA.

Column 1       Column 2
Calendar year  Factor