Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p7
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 7/9)
Character Range: 1554040–1556649

provision for a benefit in accordance with paragraph 30A (1) (b) of the SAS Act; or
 (c) the person elected to make provision for a benefit in accordance with Part 2 of Schedule 5 to the SAS Act when the person was at least 55 years.
 (3) For paragraph (1) (b), the factor calculated in accordance with the formula:
where:
Dy is the valuation factor mentioned in Table 8 of Division 7.4 that is applicable given the number of complete years (y) in the period commencing on the relevant date and ending on the date when the person reaches the person's early retirement age.
m is the number of complete months that are not included in the number of complete years in the period commencing on the relevant date and ending on the date when the person reaches the person's early retirement age.
Dy+1 is the valuation factor mentioned in Table 8 of Division 7.4 that is applicable to the person if the number of complete years (y) in the period commencing on the relevant date and ending on the date when the person reaches the person's early retirement age were 1 year more than it is.

8 Reduction factor
 (1) Reduction factor is:
 (a) if paragraphs (b), (c) and (d) do not apply — 1; or
 (b) if:
 (i) the requirements of Part 3 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest; and
 (ii) the requirements mentioned in subparagraph (i) were satisfied after the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;
  the amount calculated in accordance with the formula set out in subclause (2); or
 (c) if:
 (i) the requirements of Part 3 of the Regulations have been satisfied in respect of the entitlement of only one spouse of the person, being an entitlement arising under a superannuation agreement, flag lifting agreement or splitting order that applies in respect of the interest; and
 (ii) the requirements mentioned in subparagraph (i) were satisfied before the person became entitled, in the event of death, to the benefit provided in accordance with subsection 43 (6) of the SAS Act;
  the amount calculated in accordance with the formula set out in subclause (3); or
 (d) if the requirements of Part 3 of the Regulations have been satisfied in respect of the entitlements of 2 or more spouses of the person, being entitlements each arising under a superannuation agreement, flag lifting agreement or splitting order that applies in