{"id":"F2007L01872","name":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2007","slug":"family-law-superannuation-interest-rate-for-adjustment-period-determination-2007","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":66711,"registerId":"commonwealth-F2007L01872-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2007","content":"![](image.001.png)\n\nFamily Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2007\n\nFamily Law (Superannuation) Regulations 2001\n\nI, PETER COLIN MARTIN, Australian Government Actuary:\n\n(a) acting under subregulation 45D (3) of the Family Law (Superannuation) Regulations 2001, determine that the interest rate for the adjustment period, being the financial year beginning on 1 July 2007, is 0.060; and\n\n(b) acting under subregulation 45D (4) of those Regulations, determine that the method set out in Schedule 1 is the method for calculating the interest rate for an adjustment period of less than 12 months that begins and ends in the financial year beginning on 1 July 2007; and\n\n(c) acting under subregulation 45D (6) of those Regulations:\n\n(i) determine, for subparagraph 45D (5) (b) (i) of those Regulations, that the method set out in Schedule 2 is the method for calculating the interest rate for an adjustment period of exactly 12 months beginning before the end of the financial year ending on 30 June 2007 and ending in the next financial year; and\n\n(ii) determine, for subparagraph 45D (5) (b) (ii) of those Regulations, that the method set out in Schedule 3 is the method for calculating the interest rate for an adjustment period of less than 12 months beginning before the end of the financial year ending on 30 June 2007 and ending in the next financial year.\n\nThis Determination commences on 1 July 2007.\n\nDated 19 June 2007\n\nPETER COLIN MARTIN\n\nAustralian Government Actuary\n\nSchedule 1 Method — Adjustment period of less than 12 months in the 2007–08 financial year\n\n(paragraph (b))\n\n    The method for calculating the interest rate for the adjustment period is:\n\n![](image.002.png)\n\nwhere:\n\n> d is the number of days in the adjustment period.\n\nSchedule 2 Method — Adjustment period of exactly 12 months bridging the  \n2006–07 and 2007–08 financial years\n\n(subparagraph (c) (i))\n\n    The method for calculating the interest rate for the adjustment period is:\n\n![](image.003.png)\n\nwhere:\n\n> d1 is the number of days in the adjustment period in the financial year ending on 30 June 2007.\n\n> d2 is the number of days in the adjustment period in the financial year beginning on 1 July 2007.\n\nSchedule 3 Method — Adjustment period of less than 12 months bridging the 2006–07 and 2007–08 financial years\n\n(subparagraph (c) (ii))\n\n    The method for calculating the interest rate for the adjustment period is:\n\n![](image.004.png)\n\nwhere:\n\n> d1 is the number of days in the adjustment period in the financial year ending on 30 June 2007.\n\n> d2 is the number of days in the adjustment period in the financial year beginning on 1 July 2007.","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This determination performs exactly its intended function: setting the annual interest rate for superannuation splitting calculations for a specific financial year. It does not expand beyond the technical administrative role established by the enabling Regulations."},"complexity_factors":["Short, single-purpose instrument (approximately 1 page)","Only 1 defined term used (the interest rate of 0.060)","Three simple mathematical formulas in schedules, all following the same basic pattern","Heavy cross-referencing to Family Law (Superannuation) Regulations 2001 (subregulations 45D(3), (4), (5), (6)), requiring external context to fully understand","Conditional logic limited to three specific scenarios based on timing and duration of adjustment periods","No nested exceptions or complex conditional structures"],"plain_english_summary":"This determination fixes the Australian Government Actuary’s interest rate at 6.0% for the 2007–08 financial year to calculate how superannuation balances accrue during adjustment periods in family law property settlements. It affects separating couples, family lawyers and super funds by providing a government‑set method to compensate recipients for delays between orders and payment, reflecting the time value of money."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument does not change the scope of the underlying family law superannuation regime; it simply sets the annual interest rate and prescribes the calculation methods for adjustment periods in the 2007–08 financial year and for adjustment periods that bridge 2006–07 and 2007–08 (paras (a)–(c) and Schedules 1–3)."},"complexity_factors":["Straightforward numeric rate set (0.060) for a single financial year (para (a)).","Three short, explicit formulas for different adjustment-period types (Schedules 1–3) — requires day-count arithmetic and prorating.","Cross-reference to Family Law (Superannuation) Regulations 2001 subregulation 45D for legal authority, so implementers must read both instruments.","Bridging-period calculations require splitting an adjustment period into d1/d2 day counts across financial years (Schedules 2–3).","Minimal discretion: Australian Government Actuary determined rate and methods (paras (a)–(c)); operational burden is computational rather than interpretive."],"plain_english_summary":"This Determination, signed by the Australian Government Actuary, fixes the interest rate used to adjust superannuation-splitting amounts for the 2007–08 financial year at 0.060 and prescribes the arithmetic formulas to prorate that rate for shorter or bridging adjustment periods. It applies to parties and trustees dealing with family law superannuation splits under the Family Law (Superannuation) Regulations 2001: those calculating adjustment interest must apply the specified daily‑count formulas in Schedules 1–3, creating a calculable compliance task for practitioners and administrators."}},"importantCases":[],"_links":{"self":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007","history":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007/history","analysis":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007/analysis","conflicts":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007/conflicts","importantCases":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007/important-cases","documents":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2007/documents"}}