Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:11_2
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 11 cl 2
Character Range: 714754–715342

2  Transition factor
 (1) The transition factor is equal to:
where:
relative value factor for the interest at the date the first splittable payment became payable means the factor mentioned in the applicable clause of this Schedule that applies for the interest and the member spouse at that date.
relative value factor for the interest at the operative time means the factor mentioned in the applicable clause of this Schedule that applies for the interest and the member spouse at that time.
 (2) However, the transition factor is 1 if none of clauses 3 to 5 applies for the interest.