Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_0:p4
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 0 (pt 4/5)
Character Range: 1463640–1466314

relation to each of those terms is a reference to 'the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order'.
  Fae,y+m has the meaning given by subclause 3 (2), modified so that a reference to 'the relevant date' in relation to that term is a reference to 'the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order'.
; and
 (b) the person's total benefit at the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order, being the sum of:
 (i) EFBs calculated in accordance with the formula set out in paragraph (a); and
 (ii) NEA as defined in subclause 3 (1) but modified so that the reference to 'the relevant date' in that definition is a reference to 'the date when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order'.
  CSProps is the quotient of:
 (a) the total number of days, in the period commencing on 1 July 1988 and ending on the day immediately before the time when the requirements of Division 2.2 of the Regulations were satisfied in respect of the entitlement of the spouse of the person under the superannuation agreement, flag lifting agreement or splitting order, for which:
 (i) contributions were deducted from the person's salary of office under subsection 5 (1) of the PRS Act; or
 (ii) amounts were paid by the person under section 5A of the PRS Act, being amounts that are deemed, under subsection 5A (6) of that Act, to have been deducted from the person's salary of office; and
 (b) Cs (as defined in subclause 4 (2)).
 (2) TArd is calculated in accordance with the formula:
where:
 EFBProp is the quotient of:
 (a) EFBrd calculated in accordance with the formula:
    where:
              AS, ESR, NEA, B and C have the meanings given by subclause 3 (1).
              Fae,y+m has the meaning given by subclause 3 (2).
  ; and
 (b) the person's total benefit at the relevant date, being the sum of:
 (i) EFBrd calculated in accordance with the formula set out in paragraph (a); and
 (ii) NEA (as defined in subclause 3 (1)).
 CSProp is the quotient of B and C (as defined in subclause 3 (1)).
Division 5.3 Interests in the payment phase

6 Method for interests