For the purposes of subsection 6BA(3) of the Act, a lump sum payment to which a spouse is entitled under that subsection is worked out in accordance with the formula:
where:
(a) if the spouse is a female--the factor specified in the column headed "Spouse pension Single life" that relates to the spouse's age in Table 4B of Part 4 of Schedule 1 to the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003 ; or
(b) if the spouse is a male--the factor specified in the column headed "Spouse pension Single life" that relates to the spouse's age in Table 4A of Part 4 of Schedule 1 to the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003 .
"rate of pension " means the rate of pension worked out for the spouse in accordance with subsection 6BA(2) of the Act.
Schedule 1 -- Repeals
Defence Force Retirement and Death Benefits (Annual Rates of Pay) Regulations 1979
1 The whole of the Regulations
Repeal the Regulations.
Defence Force Retirement and Death Benefits Regulations 1973
2 The whole of the Regulations
Repeal the Regulations.