Document ID: chunk:federal_register_of_legislation:F2011C00487:front:0:p6
Version: federal_register_of_legislation:F2011C00487
Segment Type: other
Provision Reference: 
Character Range: 12581–15288

a reversionary component.
Step 5  Divide the amount worked out in step 3 by the pension factor worked out in step 4.

        The result is the annual rate of the associate standard pension.

 (3) However, if it is not possible to calculate the annual rate of associate standard pension using subsection (2), the annual rate of associate standard pension payable to a non‑member spouse to whom subsection 146MB (2) of the Act applies is to be calculated by an actuary appointed by CSC for this section.

2.06 Annual rate of associate additional pension

 (1) For subsection 146MB (3) of the Act, this section applies if additional pension is payable in respect of an original interest.

 (2) The annual rate of associate additional pension payable to a non‑member spouse to whom subsection 146MB (3) of the Act applies is calculated as follows:

Step 1  Identify the transfer amount in relation to the non‑member spouse.

        Note   Subsection 146MB (3) of the Act requires the rate of associate additional pension to be calculated by reference to the transfer amount.
Step 2  Subtract the amount worked out in step 3 in subsection 2.05 (2) from the transfer amount.
Step 3  Work out a pension factor (F y+m) based on the non‑member spouse's gender and age, using the formula:

        where:

        Fy is the valuation factor mentioned in Table 2 in Schedule 2, applicable at the operative time to the non‑member spouse's gender and age in completed years (represented by y).
        Fy+1 is the valuation factor mentioned in Table 2 in Schedule 2 that would apply, at the operative time, if the non‑member spouse's gender and age in completed years were one year more than they are at the operative time (represented by y + 1).

        m is the number of completed months of the non‑member spouse's age, at the operative time, that are not included in the non‑member spouse's age in completed years.

        Note   The associate additional pension does not include a reversionary component.
Step 4  Divide the amount worked out in step 2 by the pension factor worked out in step 3.

        The result is the annual rate of the associate additional pension.

 (3) However, if it is not possible to calculate the annual rate of associate additional pension using subsection (2), the annual rate of associate additional pension payable to a non‑member spouse to whom subsection 146MB (3) of the Act applies is to be calculated by an actuary appointed by CSC for this section.

2.07 Annual rate of associate deferred pension

 (1) For paragraph 146MC (1) (b) of the Act, the annual rate at which an associate deferred pension is to be paid is calculated as follows:

Step 1   Identify the unfunded