Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:45d:p2
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 45D (pt 2/2)
Character Range: 133905–136398

of the adjustment period.
 (4) If:
 (a) the whole, or any component, of the superannuation interest is a defined benefit interest, or the superannuation interest is in a self managed superannuation fund; and
 (b) the adjustment period is a period of less than 12 months that begins and ends within a financial year;
the interest rate for the adjustment period is the rate calculated in accordance with a method determined by the Australian Government Actuary, and published in the Gazette, being a method that provides for calculation of a rate by reference to a rate that is 2.5 percentage points above the percentage change in the original estimate of full‑time adult ordinary time earnings for all persons in Australia, as published by the Australian Bureau of Statistics during the year ending with the November quarter immediately before the beginning of the financial year in which the adjustment period occurs.
 (5) If:
 (a) the whole, or any component, of the superannuation interest is a defined benefit interest, or the superannuation interest is in a self managed superannuation fund; and
 (b) the adjustment period is:
 (i) a period of 12 months that is not a financial year; or
 (ii) a period of less than 12 months; and
 (c) the adjustment period commences before 30 June in a financial year and ends during the following financial year;
the interest rate for the adjustment period is the rate calculated under subregulation (6).
 (6) For subregulation (5), the rate is calculated in accordance with a method determined by the Australian Government Actuary, and published in the Gazette, being a method that provides for the calculation of a rate by reference to the following rates:
 (a) a rate that is 2.5 percentage points above the percentage change in the original estimate of full‑time adult ordinary time earnings for all persons in Australia, as published by the Australian Bureau of Statistics, during the year ending with the November quarter in the financial year ending immediately before the commencement of the adjustment period;
 (b) a rate that is 2.5 percentage points above the percentage change in the original estimate of full‑time adult ordinary time earnings for all persons in Australia, as published by the Australian Bureau of Statistics, during the year ending with the November quarter in the financial year in which the adjustment period commenced.

Division 6.2—Superannuation interest in growth phase at date of service of agreement or date of order