{"id":"F2012L01277","name":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2012","slug":"family-law-superannuation-interest-rate-for-adjustment-period-determination-2012","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":163214,"registerId":"commonwealth-F2012L01277-current","compilationNumber":null,"startDate":"2026-04-04","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2012","content":"![Commonwealth Coat of Arms](image.001.png)\n\nFamily Law (Superannuation) (Interest Rate for Adjustment Period) Determination 20121\n\nFamily Law (Superannuation) Regulations 2001\n\nI, Peter Colin Martin, Australian Government Actuary, make the following determination under regulation 45D of the Family Law (Superannuation) Regulations 2001.\n\nDated 18 June 2012\n\nPeter Colin Martin\n\nAustralian Government Actuary\n\n1 Name of determination\n\nThis determination is the Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2012.\n\n2 Commencement\n\nThis determination commences on 1 July 2012.\n\n3 Definition\n\nIn this determination:\n\n> regulations means the Family Law (Superannuation) Regulations 2001.\n\n4 Adjustment period—financial year\n\nFor subregulation 45D (3) of the regulations, the interest rate for the adjustment period, being the financial year beginning on 1 July 2012, is 0.069.\n\n5 Adjustment period—less than 12 months within financial year\n\n(1) This section applies to an adjustment period of less than 12 months that begins and ends in the financial year beginning on 1 July 2012.\n\n(2) For subregulation 45D (4) of the regulations, the method for working out the interest rate for the adjustment period is by using the formula:\n\n![](image.002.png)\n\nwhere:\n\n> d is the number of days in the adjustment period.\n\n6 Adjustment period—12 months not within financial year\n\n(1) This section applies to an adjustment period of 12 months that begins in the financial year beginning on 1 July 2011 and ends in the financial year beginning on 1 July 2012.\n\n(2) For subregulation 45D (6) of the regulations, the method for working out the interest rate for the adjustment period is by using the formula:\n\n![](image.003.png)\n\nwhere:\n\n> d1 is the number of days in the adjustment period in the financial year beginning on 1 July 2011.\n\n> d2 is the number of days in the adjustment period in the financial year beginning on 1 July 2012.\n\n7 Adjustment period—less than 12 months not within financial year\n\n(1) This section applies to an adjustment period of less than 12 months that begins in the financial year beginning on 1 July 2011 and ends in the financial year beginning on 1 July 2012.\n\n(2) For subregulation 45D (6) of the regulations, the method for working out the interest rate for the adjustment period is by using the formula:\n\n![](image.004.png)\n\nwhere:\n\n> d1 is the number of days in the adjustment period in the financial year beginning on 1 July 2011.\n\n> d2 is the number of days in the adjustment period in the financial year beginning on 1 July 2012.\n\n> Note\n\n> Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This determination does not change who is covered by the Family Law (Superannuation) Regulations or create new substantive obligations. It supplies numeric parameters and calculation methods for adjustment‑period interest for specified timing cases (ss 4–7), so it changes only calculation inputs and procedures, not the underlying scope or eligibility of the Regulations."},"complexity_factors":["Numeric interest rate fixed for a single financial year (s 4) — simple to apply but requires exact rate use.","Different calculation paths depending on the adjustment period length and timing: within financial year, shorter than 12 months within year, 12 months spanning two years, and shorter periods spanning two years (ss 5–7).","Formulas use day counts (d, d1, d2) and exponentiation/pro‑rata arithmetic (ss 5–7) — requires accurate day counting and basic numeric calculation.","Cross-reference to regulation 45D of the Family Law (Superannuation) Regulations 2001 (s 3 definition and application in ss 4–7) — obligation sits in the underlying regulation; this instrument supplies parameters.","Commencement timing (s 2) creates a clear effective date practitioners must observe."],"plain_english_summary":"This instrument sets the interest rate used to calculate adjustment-period interest for family law superannuation splits for the financial year beginning 1 July 2012 (rate 0.069) and provides formulas to pro‑rata that rate for shorter or cross‑year adjustment periods. It affects separating parties and their advisers by changing the interest applied to transferred super amounts, thereby changing the net amounts payable or receivable; it was made by the Australian Government Actuary and commences 1 July 2012."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument performs exactly its intended function: setting the annual interest rate for superannuation adjustment periods. It has not expanded beyond its original narrow technical purpose."},"complexity_factors":["Short, focused instrument (7 sections, ~2 pages)","Single defined term ('regulations')","Three mathematical formulas for pro-rata calculations across financial year boundaries","Heavy cross-referencing to Family Law (Superannuation) Regulations 2001 (regulation 45D)","Conditional structure based on timing of adjustment periods (within/across financial years)"],"plain_english_summary":"This instrument sets the interest rate used to calculate growth (or decline) of superannuation during the adjustment period for family law property settlements at 6.9% (0.069) for the 2012–13 financial year. \n\nIt affects separating couples, superannuation funds, and practitioners by fixing the rate applied when transfers are delayed, ensuring fair allocation of investment gains or losses."}},"importantCases":[],"_links":{"self":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012","history":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012/history","analysis":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012/analysis","conflicts":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012/conflicts","importantCases":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012/important-cases","documents":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2012/documents"}}