Document ID: chunk:federal_register_of_legislation:F2013L00458:reg:10:p2
Version: federal_register_of_legislation:F2013L00458
Segment Type: reg
Provision Reference: reg 10 (pt 2/2)
Character Range: 12435–14321

the increases in the transfer amount calculated in step 2C for each financial year in the second period.

            rate is the Treasury bond rate for the financial year in which the final period occurs.
            time is the number of days in the final period.
            Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).
           Step 3. Identify the associate deferred pension, as calculated under subsection 17AB(1) of the Act on the date of payment, disregarding the payment split.
           Step 4. Calculate an amount using the formula:
            where:
            Fy is the number in Table 1 that applies to the member spouse's gender, and age in whole years, when the associate deferred pension becomes payable.
            m is the number of whole months of the member spouse's age that are not included in the member spouse's age in whole years when the associate deferred pension becomes payable.
            Fy+1 is the number in Table 1 that would apply to the member spouse if the member spouse's age in whole years was one year more than it is when the associate deferred pension becomes payable.
           Step 5. Multiply the amount identified in step 3 by the amount calculated in step 4 (ensuring the amount identified in step 3 takes account of any previous payment split).
           Step 6. Reduce the amount calculated in step 5 by the amount calculated in step 2A.
           Step 7. Divide the amount calculated in step 6 by the amount calculated in step 4.
           Step 8. Divide the amount calculated in step 7 by the Federal Court Judge's salary when the associate deferred pension becomes payable.
            Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).
           Step 9. Multiply the amount calculated in step 8 by the Federal Court Judge's salary.