South Australian Consolidated Regulations South Australian Consolidated Regulations (1) For the purposes
of section 38S(2)(a)(ii) of the Act, notice of an election by a non-member
spouse to have the whole of his or her share of a superannuation interest
converted to, and taken as, an associate pension must be given in writing
within 3 months of the date on which notification of the non-member
spouse's right to make the election is given by the Board.
(2) For the purposes
of section 38S(3) of the Act, the amount of an associate pension will be
determined by applying the following method:
Where:
"AP" is the amount of the associate pension payable for the life of the
non-member spouse
"P" is the amount of the non-member spouse's share of the pension determined
under section 38S(1) of the Act
"Mx+m" is the conversion factor relating to the member spouse at age x
completed years and m completed months and is derived by interpolating between
age x and x+1, the factors from the relevant table in Schedule 1 for the
relevant type of pension interest and gender of the member spouse
"Ny+n" is the conversion factor relating to the non-member spouse at age y
completed years and n completed months and is derived by interpolating between
age y and y+1, the factors from the relevant table in Schedule 1 for the
relevant type of pension interest and gender of the non-member spouse.
For a pension payable in connection with a member spouse whose pension
commenced before the commencement of the Act, the factors from table 1 of
Schedule 1 must be used.
For a pension payable in connection with any other member spouse, the factors
from table 2 of Schedule 1 must be used.