Document ID: chunk:federal_register_of_legislation:F2025L00281:clause:1_98:p3
Version: federal_register_of_legislation:F2025L00281
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 3/4)
Character Range: 1500359–1502876

the person's gender; and
 (ii) the person's age in completed years (y) at the relevant date; and
 (iii) the person's age at entry (ae).
m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
Fae,y+1 is the valuation factor mentioned in whichever of Table 1 or 2 of Division 6.4 is applicable to the person if the person's age in completed years at the relevant date were 1 year more than it is.

4 Reduction Factor
 (1) Reduction factor is the amount worked out in accordance with clause 4 (the reduction clause) and clause 5 (the adjustment clause) of Division 5.2 of Part 5, subject to the following:
 (a) AS, B, ESR and NEA have the meanings given by subclause 3 (1), unless required to be modified under the adjustment clause;
 (b) C has the meaning given by subclause 3 (1) unless required to be modified under the reduction or adjustment clause;
 (c) Fae,y+m has the meaning given by subclause 3 (2), unless required to be modified under the adjustment clause;
 (d) if required to be modified under the reduction or adjustment clause, AS, B, C, ESR, NEA and Fae,y+m have the meanings given by subclause 3 (1) or (2) modified so that a reference to 'the relevant date' in relation to each of those terms is a reference to 'the date when the requirements of Part 3 of the Regulations were satisfied in respect of the entitlement of the spouse under the superannuation agreement, flag lifting agreement or splitting order';
 (e) Cs is the total number of days, as at the date when the requirements of Part 3 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 (including, if applicable, that date), for which the person has paid:
 (i) an amount or amounts equivalent to contributions that would have been deducted from his or her salary of office under section 5 of the PRS Act if he or she had not resigned office as a member of the police force; or
 (ii) an amount or amounts that he or she would have been required to pay under section 5A of the PRS Act, in respect of one or more periods of leave without pay or special leave without pay, if he or she had not resigned as a member of the police force.
Division 6.3 Interests in the payment phase

5 Method for interests in Police Association Superannuation Scheme
  For an interest that is held by a person in the Police Association Superannuation Scheme as a