Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_9:p3
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 9 (pt 3/6)
Character Range: 2333975–2336426

number of complete years in the period commencing on the relevant date and ending on the date when the person will reach the person's retirement age.
m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
Fy+1 is the lump sum valuation factor mentioned in Table 3 of Division 7.3 that would be applicable to the person if the number of complete years in the period commencing on the relevant date and ending on the date when the person will reach the person's retirement age were 1 year more than it is.

6 Meaning of retirement age
  In this Part:
retirement age, in relation to a person, means:
 (a) for a person whose eligible office is Governor:
 (i) if the relevant date is less than 5 years after the person first assumed office as Governor — the person's age at the end of the period that the person has agreed to act as Governor; or
 (ii) in any other case — the person's age at the relevant date; and
 (b) for a person whose eligible office is Judge of the Supreme Court and to whom paragraph 77 (4) (a) or (d) of the Constitution Act applies — 72; and
 (c) for a person whose eligible office is Chief Judge or judge of the County Court and to whom subsection 14 (1) (a) of the County Court Act applies — 72; and
 (d) for a person whose eligible office is Associate Judge of the Supreme Court and to whom subsection 104 (10) of the Supreme Court Act applies — 72; and
 (e) for a person whose eligible office is master of the County Court and to whom subsection 17A (5A) of the County Court Act applies — 72; and
 (f) for a person whose eligible office is the Solicitor‑General, the Director of Public Prosecutions or the Chief Crown Prosecutor — the later of the age of the person at the time of the expiry of his or her term of office as Solicitor‑General, Director of Public Prosecutions or Chief Crown Prosecutor and 65; and
 (g) in any other case — 70.

7 Reduction factor
 (1) Reduction factor is:
 (a) if the requirements of Part 3 of the Regulations have been satisfied in respect of the entitlement of only 1 spouse of the person, being an entitlement arising under a particular superannuation agreement, flag lifting agreement or splitting order that applies to the interest — the amount calculated in accordance with the formula set out in subclause (2); or
 (b) if the requirements of Part 3 of the Regulations have been satisfied in respect of the