I, PHILIP MAXWELL RUDDOCK, Attorney-General, make this Approval under regulation 38 of the Family Law (Superannuation) Regulations 2001.

Dated 20 March 2006

PHILIP RUDDOCK

1              Name of Approval

                This Approval is the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 1).

2              Commencement

                This Approval 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        Amendment

(section 3)

[1]           Schedule 4, after Part 2

insert

Part 3          Local Government Superannuation Scheme

1              Definitions

In this Part:

defined benefit Member has the same meaning as in the Trust Deed.

Scheme means the scheme continued in existence under subsection 1180 (1) of the Local Government Act 1993 (Qld) under the name Local Government Superannuation Scheme.

Trust Deed means the Trust Deed made on 23 June 1998 by the Queensland Local Government Superannuation Board, as amended and in force on the commencement of this Part.

2              Methods and factors for interests of members in the Scheme

                For an interest that:

                (a)    is in the growth phase in the Scheme; and

               (b)    is mentioned in an item in the following table;

the method or factor mentioned in the item is approved for section 4 of this instrument.