Document ID: chunk:federal_register_of_legislation:F2025L00178:reg:82:p4
Version: federal_register_of_legislation:F2025L00178
Segment Type: reg
Provision Reference: reg 82 (pt 4/4)
Character Range: 186343–187756

value of the interest were it in payment phase at adjusted date means the amount that would be calculated under section 64 for the superannuation interest if references in Division 2 of Part 6 to the relevant date were references to the date the first splittable payment became payable in respect of the superannuation interest.
initial lump sum means the amount of the lump sum paid to the non‑member spouse under paragraph 81(2)(a).
other lump sum means the amount of the lump sum paid to the non‑member spouse under paragraph (4)(b).
transition factor means:
 (a) if under section 62 or 70 the Minister has approved one or more methods or factors to be used to determine the gross value of the superannuation interest—the factor approved under, or determined using a method approved under, section 79 for the superannuation interest and this subsection; or
 (b) if paragraph (a) does not apply and one or more benefits in respect of the superannuation interest are payable:
 (i) as a pension for the life of the member spouse; but
 (ii) not due to the member spouse's invalidity;
  the factor determined using the method set out in Schedule 11 for the superannuation interest; or
 (c) if neither paragraph (a) nor (b) applies—1.
Note: For the meanings of commutation factor and pension valuation factor, see section 72.

Subdivision C—Optional lump sum relating to the whole or part of the adjusted base amount