{"id":"F2022L00744","name":"Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2022","slug":"family-law-superannuation-interest-rate-for-adjustment-period-determination-2022","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":441388,"registerId":"F2022L00744-fast-fetch-1775956695803","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 2022","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\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 2022\n\nI, Guy Francis Thorburn, Australian Government Actuary, make the following determination under regulation 45D of the Family Law (Superannuation) Regulations 2001.\n\nDated:  24 May 2022\n\n![H:\\AGA\\General Administration\\Signatures\\GTSignature.jpg](image.002.jpeg)\n\nGuy Francis Thorburn\n\nAustralian Government Actuary\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\n1  Name of determination\n\n  This determination is the Family Law (Superannuation) (Interest Rate for Adjustment Period) Determination 2022.\n\n2  Commencement\n\n  This determination commences on 1 July 2022.\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 2022, is 0.047.\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 2022.\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.003.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 2021 and ends in the financial year beginning on 1 July 2022.\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  \n\n  where:\n\nd1 is the number of days in the adjustment period in the financial year beginning on 1 July 2021.\n\nd2 is the number of days in the adjustment period in the financial year beginning on 1 July 2022.\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 2021 and ends in the financial year beginning on 1 July 2022.\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.005.png)\n\n  where:\n\nd1 is the number of days in the adjustment period in the financial year beginning on 1 July 2021.\n\nd2 is the number of days in the adjustment period in the financial year beginning on 1 July 2022.\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 instrument does not change the substantive scope of regulation 45D. It implements that regulation for the specified period by fixing the interest rate and setting the mechanical methods to prorate it for partial or cross‑financial‑year adjustment periods (ss.5–8)."},"complexity_factors":["Numeric rate specification for the 2022–23 financial year (s.5: 0.047)","Simple prorating formulas based on day counts for partial-year adjustment periods (s.6: parameter d)","Apportionment across two financial years using weighted day counts for 12‑month and sub‑12‑month cross‑year periods (ss.7–8: parameters d1, d2)","Dependence on regulation 45D of the Family Law (Superannuation) Regulations 2001 for operative effect (s.3)","Operational requirement for accurate day counting and correct application of the provided formulas (ss.6–8)","Low discretionary content — deterministic numeric rule reduces interpretive ambiguity"],"plain_english_summary":"This determination (made under reg 45D) sets the interest rate used to calculate superannuation adjustment amounts for the financial year beginning 1 July 2022 at 0.047 and provides day‑count formulas to prorate that rate for partial or cross‑year adjustment periods. It affects parties and practitioners applying the Family Law (Superannuation) Regulations because the rate and prorating method change the size of amounts payable or receivable in a superannuation split and require accurate day counting to implement (see sections 5–8)."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This Determination performs exactly the function intended by regulation 45D of the Family Law (Superannuation) Regulations 2001 — annually setting the interest rate for superannuation splitting adjustments. The four scenarios (sections 5-8) map directly onto the subregulations cited (45D(3), 45D(4), and 45D(6)), showing no scope creep beyond the original legislative intent."},"complexity_factors":["Only 8 short sections with minimal text","Single defined term ('regulations')","Four straightforward mathematical formulas, though presented as images rather than text","No nested exceptions or conditional logic beyond the four mutually exclusive scenarios","Heavy reliance on external context — requires understanding of Family Law (Superannuation) Regulations 2001, specifically regulation 45D, to comprehend purpose","Cross-references to subregulations 45D(3), 45D(4), and 45D(6) without explaining their content"],"plain_english_summary":"This instrument sets the interest rate used to adjust superannuation balances for family law splits at 4.7% (0.047) for the 2022–23 financial year. It applies to separating couples, family lawyers and super funds, and matters because that rate directly affects how much is transferred in property settlements—higher or lower rates change who gains or loses."}},"importantCases":[],"_links":{"self":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022","history":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022/history","analysis":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022/analysis","conflicts":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022/conflicts","importantCases":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022/important-cases","documents":"/api/acts/family-law-superannuation-interest-rate-for-adjustment-period-determination-2022/documents"}}