Prescribed Family Law Super Value Changes
The Family Law (Superannuation) Regulations 2025 commence on 1 April 2025 and
update (amongst other changes) the default methods (actuarial formula) and factors for valuing
superannuation entitlements. The old factors had not been changed for more than 20 years and the new
factors include updates to mortality, rates, economic assumptions and retirement ages. In response to
the new regulations, NetActuary has updated our systems and calculations and is ready to supply
valuation reports of superannuation entitlements for matrimonial property settlements on the new basis.
There is no change to the cost of these reports.
The next table shows a few examples of how the Family Law (Superannuation)
Regulations 2025 will change the prescribed value of the superannuation entitlements for matrimonial
property pool purposes:
| Scenario | Old Value | New Value |
| Male/Female Age 40; normal retirement 65; accrued benefit multiple
4.5; Final Average Salary of $100,000 | $252,540 | $276,030 |
| | |
| Male aged 70; single life pension of $50,00 p.a. with CPI increases | $520,335 |
$675,275 |
| | |
| Female aged 70; single life pension of $50,000 p.a. with CPI increases | $605,715 | $729,410 |
The changes effected by the Family Law (Superannuation)
Regulations 2025 are separate to the changes that will apply from January 2025 to take family violence
into account when dividing property; to ensure childcare and housing needs are considered; to determine
ownership of pets; and to regulate financial information disclosure.
There is an awkward transition issue for practitioners. The change in value is not
the same for males and females. Each case could have a different outcome because
some formulae have been changed and some factors such as the value of reversions are lower. NetActuary is
happy to help with any transition aspects that arise for your firm.
There has been no change to the “scheme specific” methods and factors approved
by the Attorney-General, currently contained in the Family Law (Superannuation) (Methods and Factors for
Valuing Particular Superannuation Interest) Approval 2003. These most likely will be updated in the
future, however, no timeline has been announced. We will actively monitor this.
There is another change. The new telephone number for NetActuary is 03-6234 8890.
NetActuary’s other contact details remain the same.