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DEFENCE FORCE RETIREMENT AND DEATH BENEFITS (FAMILY LAW SUPERANNUATION) ORDERS 2004 2004 No. 99 - REG 2.08

Reduction of standard pension and associated reversions
For subsection 49E (1) of the Act, the amount to which an annual rate of standard pension payable in respect of an original interest is to be reduced is calculated as follows:

Step 1


Identify the annual rate of standard pension that was payable to the member spouse immediately before the operative time.


Step 2


Work out a reduction factor using the formula


Step 3


Multiply the amount identified in step 1 by the reduction factor.

If the pension includes a non-indexed component, multiply the component by the reduction factor.

The result is the annual rate of the standard pension payable after the operative time in respect of the original interest.


Step 4


Identify the annual rate of the indexed reversionary pension that would have been payable to a surviving spouse if the member spouse had died immediately before the operative time.


Step 5


Multiply the amount identified in Step 4 by the reduction factor.

The result is the annual rate of indexed reversionary pension payable after the operative time in respect of the original interest.


Step 6


Identify the annual rate of the non-indexed reversionary pension that would have been payable to a surviving spouse if the member spouse had died immediately before the operative time.


Step 7


Multiply the amount identified in Step 6 by the reduction factor.


The result is the annual rate of non-indexed reversionary pension payable after the operative time in respect of the original interest.

1. Notified in the Commonwealth of Australia Gazette on 20 May 2004.


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