Judges’ Pensions (Item 48) Order 2013 (Cth)

Judges' Pensions (Item 48) Order 2013 I, Penelope Ying Yen Wong, Minister for Finance and Deregulation, make the following order under the Judges and Governors‑General Legislation Amendment (Family Law) Act 2012.

Dated: 12 March 2013

Penelope Ying Yen Wong Minister for Finance and Deregulation

Contents Part 1—Preliminary 1 Name of order 2 Commencement 3 Authority 4 Definitions Part 2—Scheme value and pension rates 5 Scheme value 6 Immediate transitional pension for non‑member spouse 7 Reduction of retirement pension Schedule 1—Methods and factors Part 1—Methods 1 Method Part 2—Factors

Part 1—Preliminary

1 Name of order This order is the Judges' Pensions (Item 48) Order 2013.

2 Commencement This order commences on 15 March 2013.

3 Authority This order is made under the Judges and Governors‑General Legislation Amendment (Family Law) Act 2012.

4 Definitions In this order: Act means the Judges' Pensions Act 1968. Federal Court Judge's salary means the annual salary of a Judge of the Federal Court of Australia, other than the Chief Justice. scheme value: see subsection 5(2). Table 1 means Table 1 of Schedule 1. Table 2 means Table 2 of Schedule 1. transitional provisions means Part 2 of Schedule 1 to the Judges and Governors‑General Legislation Amendment (Family Law) Act 2012. Note: For the definitions of the following terms, see subsection 2A(2) of the Act: (a) commencement time; (b) member spouse; (c) retirement pension; (d) transfer amount.

Part 2—Scheme value and pension rates

5 Scheme value (1) This section is made for paragraph (b) of the definition of transfer amount in item 44 of the transitional provisions. (2) The amount (the scheme value) is determined using the methods and factors set out in Schedule 1 as in force at the commencement time.

6 Immediate transitional pension for non‑member spouse For subitem 47(2) of the transitional provisions, the rate is calculated as follows: