{"id":"F2014L00708","name":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2014","slug":"family-law-superannuation-interest-rate-for-adjustment-period-determination-2014","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438070,"registerId":"F2014L00708-fast-fetch-1775954639493","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2014","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n    ![Commonwealth Coat of Arms](image.001.png)\n\n \n\n \n\nFamily Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2014\n\nI, Peter Colin Martin, Australian Government Actuary, make the following determination under regulation 45D of the Family Law (Superannuation) Regulations 2001.\n\nDated:    5 June 2014\n\nPeter Colin Martin\n\nAustralian Government Actuary\n\n \n\n \n\n \n\n \n\nContents\n\n1 Name of determination\n\n2 Commencement\n\n3 Authority\n\n4 Definition\n\n5 Adjustment period—financial year\n\n6 Adjustment period—less than 12 months within financial year\n\n7 Adjustment period—12 months not within financial year\n\n8 Adjustment period—less than 12 months not within financial year\n\n \n\n1  Name of determination\n\n  This determination is the Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2014.\n\n2  Commencement\n\n  This determination commences on 1 July 2014.\n\n3  Authority\n\n  This determination is made under regulation 45D of the Family Law (Superannuation) Regulations 2001.\n\n4  Definition\n\n  In this determination:\n\nregulations means the Family Law (Superannuation) Regulations 2001.\n\n5  Adjustment period—financial year\n\n  For subregulation 45D(3) of the regulations, the interest rate for the adjustment period, being the financial year beginning on 1 July 2014, is 0.054.\n\n6  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 2014.\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\nd is the number of days in the adjustment period.\n\n7  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 2013 and ends in the financial year beginning on 1 July 2014.\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\n  \n\n  where:\n\nd1 is the number of days in the adjustment period in the financial year beginning on 1 July 2013.\n\nd2 is the number of days in the adjustment period in the financial year beginning on 1 July 2014.\n\n8  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 2013 and ends in the financial year beginning on 1 July 2014.\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\n  where:\n\nd1 is the number of days in the adjustment period in the financial year beginning on 1 July 2013.\n\nd2 is the number of days in the adjustment period in the financial year beginning on 1 July 2014.\n\n \n\n \n","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"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This Determination does not change who is covered or the substantive scope of regulation 45D; it simply specifies the interest rate for the adjustment period beginning 1 July 2014 and prescribes the arithmetic methods to prorate that rate for partial or cross-year adjustment periods (see ss 3, 5–8). It is an administrative specification rather than a change in legal scope or duties."},"complexity_factors":["Narrow, rule-based instrument: establishes a single numeric rate (0.054) for the 2014–15 financial year (s5).","Provides simple proportional arithmetic for partial-year and cross-year adjustment periods (s6–s8); formulas depend only on day counts (d, d1, d2).","Relies on existing legal authority (regulation 45D) rather than creating new substantive duties (s3).","Low administrative discretion: deterministic calculations minimise interpretive ambiguity.","Minor implementation details: accurate day counting, rounding and application where periods span two financial years may create small operational or computational edge-cases.","Presentation risk: key formulas are supplied as images in the source, which could complicate automated extraction or transcription for software implementation."],"plain_english_summary":"This Determination sets the interest rate used under regulation 45D for calculating superannuation adjustment amounts for the 2014–15 financial year (5.4%) and gives the exact formulas to prorate that rate for shorter or cross-year adjustment periods. It affects separating parties, superannuation administrators, valuers and trustees who must apply the rate or the day-count formulas when working out payments or offsets under family law property settlements."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by regulation 45D of the Family Law (Superannuation) Regulations 2001 — annually setting the interest rate for adjustment periods. It has not expanded beyond this narrow technical purpose."},"complexity_factors":["Only 1 defined term ('regulations')","Straightforward mathematical formulas with clear variables (d, d1, d2)","Four distinct scenarios covered in separate sections with minimal cross-referencing","No nested exceptions or conditional logic beyond simple date-based applicability","Total length is very short (8 sections, ~2 pages)","Single purpose instrument with no policy discretion or interpretive ambiguity"],"plain_english_summary":"This instrument fixes the interest rate at 5.4% for calculating superannuation adjustments when benefit transfers are delayed during the 2014–15 financial year. \n\nIt affects separating couples, family lawyers and super funds by ensuring the recipient (or payer) is compensated for investment growth or loss during the delay, keeping property settlements fair."}},"importantCases":[],"_links":{"self":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014","history":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014/history","analysis":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014/analysis","conflicts":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014/conflicts","importantCases":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014/important-cases","documents":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2014/documents"}}