Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4)

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Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4)

- F2005L01178

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Approvals as made

In this Instrument the Attorney-General approves a method and additional factors for valuing, for the purpose of the family law and superannuation reforms, additional categories of interests in the Public Sector Superannuation Scheme and makes other revisions to several methods approved in May 2004 for valuing interests in the Defence Force Retirement and Death Benefits Scheme and the Military Superannuation and Benefits Scheme.

Administered by: Attorney-General's

Made	18 May 2005
Registered	25 May 2005
Tabled HR	31 May 2005
Tabled Senate	14 Jun 2005

Text

1 Name of instrument

This instrument is the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4).

2 Commencement

3 Amendment of Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003

Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4)

I, PHILIP MAXWELL RUDDOCK, Attorney-General, make this instrument under regulations 38 and 43A of the Family Law (Superannuation) Regulations 2001.

Dated 18 May 2005

PHILIP RUDDOCK
Attorney-General

1 Name of instrument

This instrument is the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4).

2 Commencement

This instrument commences on the day after it is registered.

3 Amendment of Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003

Schedule 1 amends the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003.

Schedule 1 Amendments

(section 3)

[1] Schedule 1, Division 2.2, clause 2, table, after item 3

insert

An interest that a person has in the PSS Scheme if the person is entitled to an associate preserved benefit under Division 3 of Part 16 of the Rules.

where:

FLS is the amount calculated under paragraph 16.3.1 (a) of the Rules that would be payable as a lump sum at the relevant date.

UFLS is the amount calculated under paragraph 16.3.1 (b) of the Rules that would be payable as a lump sum at the relevant date.

[2] Schedule 1, Division 2.4, Table 6

substitute

Table 6 Valuation factors — pensioners in payment

	Age Pensioner				Associate Standard Pensioner and Associate Preserved Pensioner				Invalid Pensioner		Spouse Pensioner
	67% reversion		85% reversion		Normal		Invalidity		Invalid Pensioner		Spouse Pensioner
Age	Males	Females	Males	Females	Males	Females	Males	Females	Males	Females	Males	Females
18	24.2296	24.3397	24.3317	24.3857	23.8584	24.1726	23.4539	23.8529	23.9659	24.0867	23.3565	24.0056
19	24.1558	24.2685	24.2614	24.3161	23.7720	24.0955	23.3562	23.7639	23.8844	24.0058	23.2549	23.9229
20	24.0798	24.1945	24.1889	24.2438	23.6834	24.0154	23.2567	23.6719	23.8009	23.9220	23.1521	23.8369
21	24.0013	24.1174	24.1138	24.1684	23.5921	23.9318	23.1536	23.5762	23.7142	23.8349	23.0467	23.7472
22	23.9198	24.0370	24.0359	24.0898	23.4974	23.8447	23.0468	23.4759	23.6243	23.7437	22.9379	23.6534
23	23.8350	23.9531	23.9549	24.0079	23.3991	23.7538	22.9356	23.3710	23.5307	23.6484	22.8248	23.5554
24	23.7468	23.8656	23.8706	23.9225	23.2968	23.6590	22.8201	23.2613	23.4334	23.5488	22.7069	23.4535
25	23.6550	23.7747	23.7828	23.8336	23.1901	23.5604	22.6999	23.1469	23.3321	23.4450	22.5840	23.3472
26	23.5592	23.6800	23.6913	23.7411	23.0790	23.4577	22.5751	23.0279	23.2269	23.3370	22.4558	23.2364
27	23.4596	23.5813	23.5961	23.6447	22.9635	23.3507	22.4451	22.9040	23.1172	23.2246	22.3224	23.1211
28	23.3560	23.4785	23.4970	23.5443	22.8432	23.2391	22.3098	22.7754	23.0032	23.1078	22.1837	23.0010
29	23.2482	23.3717	23.3940	23.4399	22.7182	23.1234	22.1687	22.6421	22.8842	22.9866	22.0394	22.8763
30	23.1360	23.2606	23.2867	23.3314	22.5881	23.0031	22.0215	22.5039	22.7602	22.8608	21.8895	22.7469
31	23.0193	23.1453	23.1751	23.2187	22.4527	22.8782	21.8680	22.3605	22.6309	22.7302	21.7336	22.6128
32	22.8979	23.0255	23.0590	23.1017	22.3121	22.7488	21.7080	22.2120	22.4962	22.5948	21.5715	22.4737
33	22.7716	22.9012	22.9382	22.9800	22.1657	22.6144	21.5415	22.0582	22.3560	22.4543	21.4029	22.3294
34	22.6401	22.7721	22.8124	22.8538	22.0134	22.4750	21.3683	21.8985	22.2100	22.3084	21.2275	22.1799
35	22.5033	22.6379	22.6816	22.7225	21.8551	22.3302	21.1884	21.7328	22.0584	22.1568	21.0450	22.0249
36	22.3610	22.4986	22.5455	22.5862	21.6903	22.1800	21.0015	21.5611	21.9007	21.9996	20.8552	21.8642
37	22.2130	22.3540	22.4038	22.4447	21.5189	22.0242	20.8076	21.3831	21.7370	21.8365	20.6579	21.6976
38	22.0590	22.2038	22.2565	22.2977	21.3408	21.8625	20.6064	21.1986	21.5670	21.6672	20.4528	21.5249
39	21.8990	22.0478	22.1033	22.1449	21.1558	21.6947	20.3976	21.0074	21.3904	21.4916	20.2397	21.3459
40	21.7326	21.8860	21.9441	21.9864	20.9635	21.5207	20.1813	20.8096	21.2073	21.3097	20.0187	21.1605
41	21.5331	21.6954	21.7446	21.7930	20.7637	21.3404	19.9572	20.6049	20.9819	21.0902	19.7892	20.9686
42	21.3251	21.4969	21.5364	21.5914	20.5564	21.1534	19.7252	20.3932	20.7472	20.8621	19.5514	20.7699
43	21.1082	21.2902	21.3191	21.3812	20.3413	20.9595	19.4850	20.1745	20.5028	20.6251	19.3052	20.5641
44	20.8822	21.0753	21.0923	21.1624	20.1183	20.7587	19.2361	19.9480	20.2483	20.3786	19.0507	20.3513
45	20.6466	20.8520	20.8556	20.9348	19.8869	20.5509	18.9786	19.7136	19.9834	20.1224	18.7875	20.1315
46	20.4013	20.6200	20.6088	20.6981	19.6471	20.3359	18.7126	19.4712	19.7082	19.8563	18.5160	19.9046
47	20.1459	20.3791	20.3514	20.4521	19.3986	20.1136	18.4377	19.2207	19.4221	19.5801	18.2360	19.6706
48	19.8801	20.1294	20.0833	20.1969	19.1412	19.8840	18.1539	18.9622	19.1250	19.2938	17.9473	19.4296
49	19.6037	19.8706	19.8042	19.9320	18.8749	19.6471	17.8609	18.6958	18.8167	18.9975	17.6502	19.1815
50	19.3164	19.6026	19.5136	19.6576	18.5993	19.4025	17.5586	18.4216	18.4967	18.6912	17.3449	18.9262
51	18.9438	19.3251	19.1169	19.3732	18.3144	19.1503	17.2471	18.1396	18.0685	18.3749	17.0313	18.6639
52	18.5550	19.0383	18.7021	19.0790	18.0200	18.8903	16.9265	17.8497	17.6229	18.0485	16.7098	18.3946
53	18.1495	18.7420	18.2688	18.7749	17.7158	18.6227	16.5967	17.5519	17.1598	17.7120	16.3805	18.1182
54	17.7267	18.4361	17.8162	18.4606	17.4014	18.3471	16.2580	17.2466	16.6791	17.3659	16.0434	17.8343
55	17.2862	18.1205	17.3438	18.1362	17.0765	18.0635	15.9109	16.9337	16.1813	17.0099	15.6994	17.5429
56	16.9571	17.8302	17.0165	17.8463	16.7410	17.7718	15.5552	16.6132	15.8327	16.6910	15.3493	17.2436
57	16.6173	17.5316	16.6786	17.5480	16.3947	17.4718	15.1915	16.2850	15.4762	16.3645	14.9937	16.9363
58	16.2670	17.2246	16.3300	17.2414	16.0378	17.1635	14.8200	15.9491	15.1118	16.0301	14.6338	16.6208
59	15.9069	16.9084	15.9717	16.9256	15.6711	16.8461	14.4427	15.6051	14.7412	15.6876	14.2678	16.2970
60	15.5373	16.5827	15.6039	16.6003	15.2950	16.5191	14.0603	15.2526	14.3653	15.3366	13.8961	15.9645
61	15.1586	16.2476	15.2270	16.2655	14.9098	16.1826	13.6735	14.8918	13.9847	14.9772	13.5187	15.6234
62	14.7710	15.9031	14.8412	15.9213	14.5158	15.8368	13.2832	14.5228	13.6001	14.6096	13.1356	15.2739
63	14.3749	15.5494	14.4468	15.5680	14.1134	15.4819	12.8902	14.1460	13.2124	14.2340	12.7467	14.9159
64	13.9714	15.1868	14.0449	15.2057	13.7040	15.1181	12.4951	13.7619	12.8220	13.8512	12.3556	14.5496
65	13.5610	14.8155	13.6361	14.8347	13.2879	14.7456	12.0984	13.3708	12.4295	13.4612	11.9629	14.1750
66	13.1440	14.4355	13.2206	14.4550	12.8654	14.3646	11.7009	12.9731	12.0357	13.0645	11.5689	13.7919
67	12.7205	14.0470	12.7985	14.0668	12.4369	13.9750	11.3032	12.5691	11.6410	12.6614	11.1738	13.4003
68	12.2907	13.6502	12.3701	13.6702	12.0023	13.5772	10.9059	12.1592	11.2460	12.2523	10.7775	12.9996
69	11.8567	13.2448	11.9372	13.2651	11.5640	13.1709	10.5079	11.7421	10.8498	11.8359	10.3831	12.5923
70	11.4189	12.8314	11.5004	12.8520	11.1225	12.7567	10.1097	11.3186	10.4527	11.4130	9.9917	12.1788
71	10.9780	12.4104	11.0604	12.4312	10.6784	12.3349	9.7112	10.8891	10.0547	10.9840	9.6039	11.7595
72	10.5346	11.9823	10.6177	12.0032	10.2323	11.9061	9.3126	10.4542	9.6559	10.5494	9.2210	11.3354
73	10.0890	11.5479	10.1727	11.5690	9.7846	11.4712	8.9136	10.0146	9.2561	10.1101	8.8439	10.9073
74	9.6416	11.1064	9.7257	11.1276	9.3358	11.0291	8.5146	9.5739	8.8558	9.6695	8.4657	10.4746
75	9.1936	10.6579	9.2780	10.6793	8.8869	10.5802	8.1165	9.1339	8.4557	9.2294	8.0869	10.0380
76	8.7471	10.2027	8.8315	10.2242	8.4403	10.1247	7.7208	8.6965	8.0573	8.7916	7.7088	9.5985
77	8.3048	9.7411	8.3890	9.7626	7.9987	9.6628	7.3298	8.2640	7.6630	8.3586	7.3330	9.1570
78	7.8691	9.2727	7.9529	9.2943	7.5646	9.1942	6.9454	7.8390	7.2744	7.9329	6.9608	8.7147
79	7.4422	8.8064	7.5252	8.8281	7.1402	8.7278	6.5713	7.4220	6.8952	7.5149	6.5976	8.2757
80	7.0256	8.3442	7.1077	8.3658	6.7271	8.2657	6.2091	7.0145	6.5271	7.1064	6.2447	7.8421
81	6.6209	7.8879	6.7018	7.9094	6.3267	7.8096	5.8602	6.6170	6.1714	6.7075	5.9029	7.4162
82	6.2288	7.4378	6.3083	7.4592	5.9399	7.3599	5.5260	6.2289	5.8296	6.3180	5.5724	6.9999
83	5.8499	6.9958	5.9277	7.0171	5.5670	6.9185	5.2073	5.8506	5.5026	5.9382	5.2534	6.5954
84	5.4894	6.5643	5.5653	6.5854	5.2133	6.4878	4.9067	5.4860	5.1930	5.5719	4.9515	6.2052
85	5.1474	6.1448	5.2212	6.1656	4.8790	6.0692	4.6242	5.1367	4.9009	5.2208	4.6666	5.8306
86	4.8236	5.7390	4.8951	5.7595	4.5633	5.6644	4.3598	4.8052	4.6264	4.8873	4.3983	5.4727
87	4.5171	5.3426	4.5863	5.3628	4.2655	5.2692	4.1132	4.4942	4.3694	4.5743	4.1455	5.1323
88	4.2265	4.9542	4.2932	4.9741	3.9840	4.8820	3.8845	4.2073	4.1299	4.2851	3.9069	4.8106
89	3.9516	4.5848	4.0158	4.6042	3.7185	4.5140	3.6636	3.9414	3.8982	4.0168	3.6825	4.5032
90	3.6923	4.2353	3.7538	4.2544	3.4688	4.1661	3.4482	3.6963	3.6723	3.7692	3.4728	4.2104
91	3.4482	3.9066	3.5070	3.9252	3.2344	3.8392	3.2344	3.4709	3.4482	3.5412	3.2781	3.9319
92	3.2193	3.5995	3.2754	3.6175	3.0155	3.5340	3.0155	3.2623	3.2193	3.3298	3.0997	3.6678
93	3.0059	3.3154	3.0591	3.3328	2.8120	3.2521	2.8120	3.0648	3.0059	3.1296	2.9400	3.4178
94	2.8064	3.0474	2.8569	3.0641	2.6226	2.9866	2.6226	2.8741	2.8064	2.9358	2.7903	3.1805
95	2.6204	2.7942	2.6682	2.8101	2.4468	2.7363	2.4468	2.6840	2.6204	2.7423	2.6498	2.9547

[3] Schedule 1, Division 3.1, clause 2

omit

a retirement pension.

insert

retirement pay.

[4] Schedule 1, Division 3.3, clause 4, table, item 1, column 2, paragraphs (a) and (c)

omit

invalidity benefits

insert

invalidity pay

[5] Schedule 1, Division 3.3, clause 4, table, item 1, column 3, definition of NIP

substitute

NIP is the person’s:

(a) annual non-indexed retirement pay (being the portion of the person’s retirement pay that is not indexed under Part XA of the DFRDB Act), disregarding any suspension under section 61C of the DFRDB Act, at the relevant date; or

(b) annual non-indexed invalidity pay (being the portion of the person’s invalidity pay that is not indexed under Part XA of the DFRDB Act), disregarding any suspension under section 61D of the DFRDB Act, at the relevant date.

[6] Schedule 1, Division 3.4, Tables 7A and 7B

substitute

Table 7A Pension valuation factors — males

	Retirement Pay				Invalidity Pay¹		Spouse Pension
Age	Indexed Single Life (IPF)	Non-indexed Single Life (NIPF)	Indexed Reversion (IRF)	Non-indexed Reversion (NIRF)	Indexed Single Life (IPF)	Indexed Reversion (IRF)	Indexed Pension (IPF)	Non-indexed Pension (NIPF)
20 or less	23.2078	15.3059	0.8380	0.2625	20.0597	2.6189	23.2078	15.3059
21	23.1034	15.2755	0.8666	0.2751	19.9624	2.6388	23.1034	15.2755
22	23.0024	15.2484	0.8917	0.2856	19.8607	2.6598	23.0024	15.2484
23	22.9036	15.2237	0.9141	0.2941	19.7543	2.6819	22.9036	15.2237
24	22.8040	15.1998	0.9353	0.3018	19.6430	2.7052	22.8040	15.1998
25	22.7007	15.1746	0.9572	0.3097	19.5266	2.7298	22.7007	15.1746
26	22.5923	15.1472	0.9804	0.3184	19.4049	2.7557	22.5923	15.1472
27	22.4781	15.1171	1.0053	0.3282	19.2776	2.7830	22.4781	15.1171
28	22.3572	15.0838	1.0322	0.3392	19.1444	2.8117	22.3572	15.0838
29	22.2295	15.0471	1.0614	0.3518	19.0052	2.8420	22.2295	15.0471
30	22.0947	15.0067	1.0928	0.3658	18.8596	2.8740	22.0947	15.0067
31	21.9530	14.9627	1.1261	0.3812	18.7073	2.9076	21.9530	14.9627
32	21.8046	14.9153	1.1613	0.3980	18.5480	2.9431	21.8046	14.9153
33	21.6488	14.8638	1.1986	0.4163	18.3815	2.9804	21.6488	14.8638
34	21.4854	14.8081	1.2381	0.4363	18.2073	3.0198	21.4854	14.8081
35	21.3142	14.7480	1.2797	0.4580	18.0251	3.0613	21.3142	14.7480
36	21.1351	14.6832	1.3235	0.4814	17.8345	3.1049	21.1351	14.6832
37	20.9477	14.6135	1.3694	0.5067	17.6353	3.1510	20.9477	14.6135
38	20.7519	14.5386	1.4176	0.5339	17.4269	3.1995	20.7519	14.5386
39	20.5472	14.4582	1.4681	0.5631	17.2090	3.2505	20.5472	14.4582
40	20.3340	14.3722	1.5206	0.5944	16.9810	3.3043	20.3340	14.3722
41	20.1120	14.2803	1.5227	0.6068	16.7427	3.2489	20.1120	14.2803
42	19.8811	14.1826	1.5230	0.6189	16.4934	3.1926	19.8811	14.1826
43	19.6415	14.0786	1.5211	0.6304	16.2327	3.1351	19.6415	14.0786
44	19.3928	13.9683	1.5169	0.6413	15.9600	3.0763	19.3928	13.9683
45	19.1352	13.8514	1.5101	0.6512	15.6749	3.0161	19.1352	13.8514
46	18.8689	13.7280	1.5002	0.6600	15.3853	2.9503	18.8689	13.7280
47	18.5937	13.5977	1.4870	0.6674	15.0929	2.8782	18.5937	13.5977
48	18.3097	13.4604	1.4705	0.6732	14.7982	2.7997	18.3097	13.4604
49	18.0171	13.3161	1.4501	0.6771	14.5013	2.7149	18.0171	13.3161
50	17.7162	13.1648	1.4257	0.6788	14.2026	2.6240	17.7162	13.1648
51	17.4069	13.0062	1.2500	0.6069	13.9023	2.2610	17.4069	13.0062
52	17.0896	12.8404	1.0609	0.5251	13.6004	1.8856	17.0896	12.8404
53	16.7647	12.6674	0.8583	0.4329	13.2971	1.4987	16.7647	12.6674
54	16.4325	12.4875	0.6419	0.3299	12.9927	1.1014	16.4325	12.4875
55	16.0936	12.3007	0.4121	0.2158	12.6871	0.6948	16.0936	12.3007
56	15.7480	12.1069	0.4229	0.2255	12.3809	0.7005	15.7480	12.1069
57	15.3966	11.9065	0.4333	0.2352	12.0741	0.7055	15.3966	11.9065
58	15.0397	11.6996	0.4434	0.2450	11.7672	0.7096	15.0397	11.6996
59	14.6778	11.4865	0.4530	0.2547	11.4606	0.7128	14.6778	11.4865
60	14.3115	11.2674	0.4622	0.2643	11.1547	0.7152	14.3115	11.2674
61	13.9413	11.0425	0.4708	0.2738	10.8498	0.7165	13.9413	11.0425
62	13.5676	10.8121	0.4787	0.2830	10.5464	0.7169	13.5676	10.8121
63	13.1909	10.5764	0.4861	0.2921	10.2446	0.7162	13.1909	10.5764
64	12.8116	10.3355	0.4927	0.3008	9.9447	0.7145	12.8116	10.3355
65	12.4299	10.0895	0.4986	0.3092	9.6468	0.7118	12.4299	10.0895
66	12.0464	9.8387	0.5036	0.3172	9.3512	0.7080	12.0464	9.8387
67	11.6611	9.5831	0.5079	0.3249	9.0578	0.7031	11.6611	9.5831
68	11.2745	9.3229	0.5113	0.3320	8.7669	0.6972	11.2745	9.3229
69	10.8870	9.0584	0.5139	0.3387	8.4786	0.6902	10.8870	9.0584
70	10.4991	8.7898	0.5155	0.3448	8.1931	0.6822	10.4991	8.7898
71	10.1117	8.5177	0.5162	0.3503	7.9107	0.6731	10.1117	8.5177
72	9.7251	8.2426	0.5158	0.3551	7.6313	0.6630	9.7251	8.2426
73	9.3404	7.9651	0.5144	0.3592	7.3550	0.6519	9.3404	7.9651
74	8.9582	7.6858	0.5120	0.3624	7.0816	0.6398	8.9582	7.6858
75	8.5792	7.4053	0.5084	0.3649	6.8107	0.6269	8.5792	7.4053
76	8.2043	7.1243	0.5037	0.3664	6.5414	0.6132	8.2043	7.1243
77	7.8341	6.8434	0.4979	0.3670	6.2733	0.5987	7.8341	6.8434
78	7.4689	6.5631	0.4910	0.3666	6.0053	0.5837	7.4689	6.5631
79	7.1091	6.2835	0.4829	0.3652	5.7364	0.5682	7.1091	6.2835
80	6.7544	6.0047	0.4739	0.3628	5.4653	0.5524	6.7544	6.0047
81	6.4051	5.7269	0.4638	0.3596	5.1909	0.5364	6.4051	5.7269
82	6.0611	5.4500	0.4529	0.3554	4.9279	0.5194	6.0611	5.4500
83	5.7221	5.1739	0.4412	0.3503	4.6773	0.5013	5.7221	5.1739
84	5.3880	4.8985	0.4287	0.3445	4.4406	0.4822	5.3880	4.8985
85	5.0581	4.6232	0.4157	0.3379	4.2193	0.4621	5.0581	4.6232
86	4.7343	4.3498	0.4022	0.3307	4.0141	0.4411	4.7343	4.3498
87	4.4209	4.0823	0.3879	0.3226	3.8235	0.4195	4.4209	4.0823
88	4.1223	3.8249	0.3730	0.3136	3.6446	0.3975	4.1223	3.8249
89	3.8417	3.5811	0.3573	0.3036	3.4741	0.3757	3.8417	3.5811
90	3.5815	3.3533	0.3410	0.2926	3.3084	0.3543	3.5815	3.3533
91	3.3414	3.1419	0.3242	0.2809	3.1449	0.3335	3.3414	3.1419
92	3.1203	2.9462	0.3070	0.2685	2.9813	0.3135	3.1203	2.9462
93	2.9156	2.7643	0.2898	0.2557	2.8169	0.2944	2.9156	2.7643
94	2.7232	2.5928	0.2725	0.2425	2.6509	0.2759	2.7232	2.5928
95 and over	2.5376	2.4267	0.2553	0.2291	2.4822	0.2580	2.5376	2.4267

1 The non-indexed single life valuation factor (NIPF), and the non-indexed reversion valuation factor (NIRF), for a person who is entitled to invalidity pay under Part V of the DFRDB Act, and has been classified as Class A or Class B by the Authority under subsection 30 (1) of that Act, is zero.

Table 7B Pension valuation factors — females

	Retirement Pay				Invalidity Pay¹		Spouse Pension
Age	Indexed Single Life (IPF)	Non-indexed Pension (NIPF)	Indexed Reversion (IRF)	Non-indexed Reversion (NIRF)	Indexed Single Life (IPF)	Indexed Reversion (IRF)	Indexed Pension (IPF)	Non-indexed Pension (NIPF)
20 or less	23.8746	15.5389	0.2316	0.0773	20.0597	1.7375	23.8746	15.5389
21	23.7919	15.5202	0.2397	0.0805	19.9624	1.7429	23.7919	15.5202
22	23.7070	15.5012	0.2476	0.0836	19.8607	1.7488	23.7070	15.5012
23	23.6188	15.4810	0.2558	0.0868	19.7543	1.7553	23.6188	15.4810
24	23.5262	15.4590	0.2646	0.0903	19.6430	1.7624	23.5262	15.4590
25	23.4293	15.4353	0.2740	0.0942	19.5266	1.7702	23.4293	15.4353
26	23.3278	15.4096	0.2841	0.0986	19.4049	1.7786	23.3278	15.4096
27	23.2214	15.3818	0.2949	0.1034	19.2776	1.7879	23.2214	15.3818
28	23.1103	15.3519	0.3064	0.1086	19.1444	1.7980	23.1103	15.3519
29	22.9941	15.3198	0.3185	0.1143	19.0052	1.8089	22.9941	15.3198
30	22.8727	15.2853	0.3313	0.1205	18.8596	1.8209	22.8727	15.2853
31	22.7461	15.2483	0.3448	0.1272	18.7073	1.8338	22.7461	15.2483
32	22.6137	15.2085	0.3590	0.1344	18.5480	1.8479	22.6137	15.2085
33	22.4755	15.1658	0.3740	0.1422	18.3815	1.8632	22.4755	15.1658
34	22.3313	15.1201	0.3898	0.1506	18.2073	1.8797	22.3313	15.1201
35	22.1810	15.0712	0.4063	0.1596	18.0251	1.8976	22.1810	15.0712
36	22.0243	15.0189	0.4236	0.1693	17.8345	1.9170	22.0243	15.0189
37	21.8607	14.9628	0.4418	0.1797	17.6353	1.9379	21.8607	14.9628
38	21.6906	14.9030	0.4607	0.1908	17.4269	1.9604	21.6906	14.9030
39	21.5136	14.8394	0.4803	0.2025	17.2090	1.9847	21.5136	14.8394
40	21.3299	14.7718	0.5005	0.2149	16.9810	2.0109	21.3299	14.7718
41	21.1391	14.7001	0.4900	0.2142	16.7427	1.9168	21.1391	14.7001
42	20.9414	14.6241	0.4775	0.2126	16.4934	1.8211	20.9414	14.6241
43	20.7363	14.5435	0.4629	0.2098	16.2327	1.7237	20.7363	14.5435
44	20.5239	14.4584	0.4460	0.2058	15.9600	1.6241	20.5239	14.4584
45	20.3043	14.3685	0.4267	0.2004	15.6749	1.5223	20.3043	14.3685
46	20.0773	14.2737	0.4048	0.1935	15.3853	1.4151	20.0773	14.2737
47	19.8430	14.1740	0.3803	0.1849	15.0929	1.3022	19.8430	14.1740
48	19.6012	14.0691	0.3531	0.1746	14.7982	1.1840	19.6012	14.0691
49	19.3521	13.9590	0.3231	0.1625	14.5013	1.0608	19.3521	13.9590
50	19.0954	13.8433	0.2903	0.1484	14.2026	0.9331	19.0954	13.8433
51	18.8314	13.7223	0.2546	0.1323	13.9023	0.8011	18.8314	13.7223
52	18.5598	13.5954	0.2161	0.1141	13.6004	0.6656	18.5598	13.5954
53	18.2809	13.4628	0.1747	0.0937	13.2971	0.5268	18.2809	13.4628
54	17.9942	13.3239	0.1306	0.0711	12.9927	0.3855	17.9942	13.3239
55	17.6997	13.1786	0.0839	0.0464	12.6871	0.2421	17.6997	13.1786
56	17.3973	13.0267	0.0860	0.0483	12.3809	0.2429	17.3973	13.0267
57	17.0867	12.8678	0.0881	0.0502	12.0741	0.2434	17.0867	12.8678
58	16.7677	12.7015	0.0902	0.0522	11.7672	0.2435	16.7677	12.7015
59	16.4400	12.5274	0.0922	0.0542	11.4606	0.2433	16.4400	12.5274
60	16.1036	12.3451	0.0942	0.0562	11.1547	0.2427	16.1036	12.3451
61	15.7580	12.1543	0.0962	0.0582	10.8498	0.2418	15.7580	12.1543
62	15.4037	11.9548	0.0981	0.0603	10.5464	0.2404	15.4037	11.9548
63	15.0408	11.7467	0.1000	0.0623	10.2446	0.2387	15.0408	11.7467
64	14.6695	11.5297	0.1017	0.0644	9.9447	0.2366	14.6695	11.5297
65	14.2903	11.3040	0.1034	0.0664	9.6468	0.2341	14.2903	11.3040
66	13.9036	11.0697	0.1049	0.0684	9.3512	0.2313	13.9036	11.0697
67	13.5100	10.8270	0.1064	0.0703	9.0578	0.2281	13.5100	10.8270
68	13.1102	10.5761	0.1076	0.0722	8.7669	0.2246	13.1102	10.5761
69	12.7047	10.3173	0.1087	0.0740	8.4786	0.2207	12.7047	10.3173
70	12.2940	10.0508	0.1096	0.0757	8.1931	0.2165	12.2940	10.0508
71	11.8789	9.7770	0.1103	0.0772	7.9107	0.2121	11.8789	9.7770
72	11.4600	9.4962	0.1108	0.0786	7.6313	0.2073	11.4600	9.4962
73	11.0380	9.2086	0.1111	0.0799	7.3550	0.2023	11.0380	9.2086
74	10.6130	8.9145	0.1111	0.0810	7.0816	0.1970	10.6130	8.9145
75	10.1859	8.6141	0.1109	0.0819	6.8107	0.1915	10.1859	8.6141
76	9.7569	8.3077	0.1104	0.0827	6.5414	0.1858	9.7569	8.3077
77	9.3268	7.9955	0.1097	0.0832	6.2733	0.1800	9.3268	7.9955
78	8.8963	7.6784	0.1088	0.0836	6.0053	0.1741	8.8963	7.6784
79	8.4666	7.3570	0.1076	0.0837	5.7364	0.1682	8.4666	7.3570
80	8.0388	7.0322	0.1062	0.0836	5.4653	0.1622	8.0388	7.0322
81	7.6138	6.7050	0.1044	0.0833	5.1909	0.1564	7.6138	6.7050
82	7.1926	6.3760	0.1025	0.0828	4.9279	0.1504	7.1926	6.3760
83	6.7760	6.0459	0.1003	0.0820	4.6773	0.1442	6.7760	6.0459
84	6.3645	5.7154	0.0979	0.0810	4.4406	0.1379	6.3645	5.7154
85	5.9585	5.3846	0.0953	0.0798	4.2193	0.1314	5.9585	5.3846
86	5.5598	5.0555	0.0925	0.0784	4.0141	0.1248	5.5598	5.0555
87	5.1719	4.7312	0.0894	0.0767	3.8235	0.1181	5.1719	4.7312
88	4.7984	4.4152	0.0859	0.0746	3.6446	0.1111	4.7984	4.4152
89	4.4423	4.1108	0.0819	0.0720	3.4741	0.1038	4.4423	4.1108
90	4.1058	3.8202	0.0772	0.0687	3.3084	0.0961	4.1058	3.8202
91	3.7900	3.5452	0.0717	0.0645	3.1449	0.0877	3.7900	3.5452
92	3.4951	3.2863	0.0650	0.0592	2.9813	0.0784	3.4951	3.2863
93	3.2197	3.0427	0.0569	0.0525	2.8169	0.0679	3.2197	3.0427
94	2.9604	2.8120	0.0472	0.0442	2.6509	0.0558	2.9604	2.8120
95 and over	2.7119	2.5894	0.0359	0.0340	2.4822	0.0419	2.7119	2.5894

[7] Schedule 1, Division 4.1, subclause 1 (1), after definition of Act

insert

associate pension has the meaning given by Part 1 of Schedule 1 to the Rules.

[8] Schedule 1, Division 4.1, subclause 1 (1), after definition of preserved benefit

insert

spouse’s pension has the meaning given by Part 1 of Schedule 1 to the Rules.

[9] Schedule 1, Division 4.2, clause 2, table, item 2, column 3, definition of FEF_y,s+1

substitute

FEF_y+1,s is the valuation factor mentioned in Table 3A (male officers), Table 3B (males other than officers), Table 3C (female officers) or Table 3D (females other than officers) that would apply to the person if the person’s age in completed years at the relevant date were one year more than it is.

[10] Schedule 1, Division 4.3, clause 3, table, item 1, column 2

substitute

An interest that a person has in the MSBS as a result of being paid a pension other than an associate pension or a spouse’s pension.

[11] Schedule 1, Division 4.3, clause 3, table, after item 1

insert

An interest that a person has in the MSBS as a result of being paid an associate pension or a spouse’s pension.

where:

P is the annual rate of the person’s pension excluding, if the person’s pension is a spouse pension, any part of the pension that takes account of the existence of an eligible child or children.

PF_y+m is the factor calculated by:

where:

PF_y is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that applies to the person having regard to the person’s age in completed years at the relevant date and the person’s gender.

m is the number of complete months of the person’s age that are not included in the completed years of age at the relevant date.

PF_y+1 is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that would apply to the person if the person’s age in completed years at the relevant date were one year more than it is.

[12] Schedule 1, Division 4.4, Tables 4A and 4B

substitute

Table 4A Valuation factors for pensioners in payment — males

	Age pension		Invalid pension		Spouse pension
Age	Single life	Indexed reversion	Single life	Indexed reversion	Single life
20 or less	23.2078	0.8380	20.0597	2.6189	23.2078
21	23.1034	0.8666	19.9624	2.6388	23.1034
22	23.0024	0.8917	19.8607	2.6598	23.0024
23	22.9036	0.9141	19.7543	2.6819	22.9036
24	22.8040	0.9353	19.6430	2.7052	22.8040
25	22.7007	0.9572	19.5266	2.7298	22.7007
26	22.5923	0.9804	19.4049	2.7557	22.5923
27	22.4781	1.0053	19.2776	2.7830	22.4781
28	22.3572	1.0322	19.1444	2.8117	22.3572
29	22.2295	1.0614	19.0052	2.8420	22.2295
30	22.0947	1.0928	18.8596	2.8740	22.0947
31	21.9530	1.1261	18.7073	2.9076	21.9530
32	21.8046	1.1613	18.5480	2.9431	21.8046
33	21.6488	1.1986	18.3815	2.9804	21.6488
34	21.4854	1.2381	18.2073	3.0198	21.4854
35	21.3142	1.2797	18.0251	3.0613	21.3142
36	21.1351	1.3235	17.8345	3.1049	21.1351
37	20.9477	1.3694	17.6353	3.1510	20.9477
38	20.7519	1.4176	17.4269	3.1995	20.7519
39	20.5472	1.4681	17.2090	3.2505	20.5472
40	20.3340	1.5206	16.9810	3.3043	20.3340
41	20.1120	1.5227	16.7427	3.2489	20.1120
42	19.8811	1.5230	16.4934	3.1926	19.8811
43	19.6415	1.5211	16.2327	3.1351	19.6415
44	19.3928	1.5169	15.9600	3.0763	19.3928
45	19.1352	1.5101	15.6749	3.0161	19.1352
46	18.8689	1.5002	15.3853	2.9503	18.8689
47	18.5937	1.4870	15.0929	2.8782	18.5937
48	18.3097	1.4705	14.7982	2.7997	18.3097
49	18.0171	1.4501	14.5013	2.7149	18.0171
50	17.7162	1.4257	14.2026	2.6240	17.7162
51	17.4069	1.2500	13.9023	2.2610	17.4069
52	17.0896	1.0609	13.6004	1.8856	17.0896
53	16.7647	0.8583	13.2971	1.4987	16.7647
54	16.4325	0.6419	12.9927	1.1014	16.4325
55	16.0936	0.4121	12.6871	0.6948	16.0936
56	15.7480	0.4229	12.3809	0.7005	15.7480
57	15.3966	0.4333	12.0741	0.7055	15.3966
58	15.0397	0.4434	11.7672	0.7096	15.0397
59	14.6778	0.4530	11.4606	0.7128	14.6778
60	14.3115	0.4622	11.1547	0.7152	14.3115
61	13.9413	0.4708	10.8498	0.7165	13.9413
62	13.5676	0.4787	10.5464	0.7169	13.5676
63	13.1909	0.4861	10.2446	0.7162	13.1909
64	12.8116	0.4927	9.9447	0.7145	12.8116
65	12.4299	0.4986	9.6468	0.7118	12.4299
66	12.0464	0.5036	9.3512	0.7080	12.0464
67	11.6611	0.5079	9.0578	0.7031	11.6611
68	11.2745	0.5113	8.7669	0.6972	11.2745
69	10.8870	0.5139	8.4786	0.6902	10.8870
70	10.4991	0.5155	8.1931	0.6822	10.4991
71	10.1117	0.5162	7.9107	0.6731	10.1117
72	9.7251	0.5158	7.6313	0.6630	9.7251
73	9.3404	0.5144	7.3550	0.6519	9.3404
74	8.9582	0.5120	7.0816	0.6398	8.9582
75	8.5792	0.5084	6.8107	0.6269	8.5792
76	8.2043	0.5037	6.5414	0.6132	8.2043
77	7.8341	0.4979	6.2733	0.5987	7.8341
78	7.4689	0.4910	6.0053	0.5837	7.4689
79	7.1091	0.4829	5.7364	0.5682	7.1091
80	6.7544	0.4739	5.4653	0.5524	6.7544
81	6.4051	0.4638	5.1909	0.5364	6.4051
82	6.0611	0.4529	4.9279	0.5194	6.0611
83	5.7221	0.4412	4.6773	0.5013	5.7221
84	5.3880	0.4287	4.4406	0.4822	5.3880
85	5.0581	0.4157	4.2193	0.4621	5.0581
86	4.7343	0.4022	4.0141	0.4411	4.7343
87	4.4209	0.3879	3.8235	0.4195	4.4209
88	4.1223	0.3730	3.6446	0.3975	4.1223
89	3.8417	0.3573	3.4741	0.3757	3.8417
90	3.5815	0.3410	3.3084	0.3543	3.5815
91	3.3414	0.3242	3.1449	0.3335	3.3414
92	3.1203	0.3070	2.9813	0.3135	3.1203
93	2.9156	0.2898	2.8169	0.2944	2.9156
94	2.7232	0.2725	2.6509	0.2759	2.7232
95 and over	2.5376	0.2553	2.4822	0.2580	2.5376

Table 4B Valuation factors for pensioners in payment — females

	Age pension		Invalid pension		Spouse pension
Age	Single life	Indexed reversion	Single life	Indexed reversion	Single life
20 or less	23.8746	0.2316	20.0597	1.7375	23.8746
21	23.7919	0.2397	19.9624	1.7429	23.7919
22	23.7070	0.2476	19.8607	1.7488	23.7070
23	23.6188	0.2558	19.7543	1.7553	23.6188
24	23.5262	0.2646	19.6430	1.7624	23.5262
25	23.4293	0.2740	19.5266	1.7702	23.4293
26	23.3278	0.2841	19.4049	1.7786	23.3278
27	23.2214	0.2949	19.2776	1.7879	23.2214
28	23.1103	0.3064	19.1444	1.7980	23.1103
29	22.9941	0.3185	19.0052	1.8089	22.9941
30	22.8727	0.3313	18.8596	1.8209	22.8727
31	22.7461	0.3448	18.7073	1.8338	22.7461
32	22.6137	0.3590	18.5480	1.8479	22.6137
33	22.4755	0.3740	18.3815	1.8632	22.4755
34	22.3313	0.3898	18.2073	1.8797	22.3313
35	22.1810	0.4063	18.0251	1.8976	22.1810
36	22.0243	0.4236	17.8345	1.9170	22.0243
37	21.8607	0.4418	17.6353	1.9379	21.8607
38	21.6906	0.4607	17.4269	1.9604	21.6906
39	21.5136	0.4803	17.2090	1.9847	21.5136
40	21.3299	0.5005	16.9810	2.0109	21.3299
41	21.1391	0.4900	16.7427	1.9168	21.1391
42	20.9414	0.4775	16.4934	1.8211	20.9414
43	20.7363	0.4629	16.2327	1.7237	20.7363
44	20.5239	0.4460	15.9600	1.6241	20.5239
45	20.3043	0.4267	15.6749	1.5223	20.3043
46	20.0773	0.4048	15.3853	1.4151	20.0773
47	19.8430	0.3803	15.0929	1.3022	19.8430
48	19.6012	0.3531	14.7982	1.1840	19.6012
49	19.3521	0.3231	14.5013	1.0608	19.3521
50	19.0954	0.2903	14.2026	0.9331	19.0954
51	18.8314	0.2546	13.9023	0.8011	18.8314
52	18.5598	0.2161	13.6004	0.6656	18.5598
53	18.2809	0.1747	13.2971	0.5268	18.2809
54	17.9942	0.1306	12.9927	0.3855	17.9942
55	17.6997	0.0839	12.6871	0.2421	17.6997
56	17.3973	0.0860	12.3809	0.2429	17.3973
57	17.0867	0.0881	12.0741	0.2434	17.0867
58	16.7677	0.0902	11.7672	0.2435	16.7677
59	16.4400	0.0922	11.4606	0.2433	16.4400
60	16.1036	0.0942	11.1547	0.2427	16.1036
61	15.7580	0.0962	10.8498	0.2418	15.7580
62	15.4037	0.0981	10.5464	0.2404	15.4037
63	15.0408	0.1000	10.2446	0.2387	15.0408
64	14.6695	0.1017	9.9447	0.2366	14.6695
65	14.2903	0.1034	9.6468	0.2341	14.2903
66	13.9036	0.1049	9.3512	0.2313	13.9036
67	13.5100	0.1064	9.0578	0.2281	13.5100
68	13.1102	0.1076	8.7669	0.2246	13.1102
69	12.7047	0.1087	8.4786	0.2207	12.7047
70	12.2940	0.1096	8.1931	0.2165	12.2940
71	11.8789	0.1103	7.9107	0.2121	11.8789
72	11.4600	0.1108	7.6313	0.2073	11.4600
73	11.0380	0.1111	7.3550	0.2023	11.0380
74	10.6130	0.1111	7.0816	0.1970	10.6130
75	10.1859	0.1109	6.8107	0.1915	10.1859
76	9.7569	0.1104	6.5414	0.1858	9.7569
77	9.3268	0.1097	6.2733	0.1800	9.3268
78	8.8963	0.1088	6.0053	0.1741	8.8963
79	8.4666	0.1076	5.7364	0.1682	8.4666
80	8.0388	0.1062	5.4653	0.1622	8.0388
81	7.6138	0.1044	5.1909	0.1564	7.6138
82	7.1926	0.1025	4.9279	0.1504	7.1926
83	6.7760	0.1003	4.6773	0.1442	6.7760
84	6.3645	0.0979	4.4406	0.1379	6.3645
85	5.9585	0.0953	4.2193	0.1314	5.9585
86	5.5598	0.0925	4.0141	0.1248	5.5598
87	5.1719	0.0894	3.8235	0.1181	5.1719
88	4.7984	0.0859	3.6446	0.1111	4.7984
89	4.4423	0.0819	3.4741	0.1038	4.4423
90	4.1058	0.0772	3.3084	0.0961	4.1058
91	3.7900	0.0717	3.1449	0.0877	3.7900
92	3.4951	0.0650	2.9813	0.0784	3.4951
93	3.2197	0.0569	2.8169	0.0679	3.2197
94	2.9604	0.0472	2.6509	0.0558	2.9604
95 and over	2.7119	0.0359	2.4822	0.0419	2.7119