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Valuation
Valuation is a mandatory step for court orders when splitting superannuation. The method and factors for valuation are prescribed by the Family Law (Superannuation) Regulations. In the growth phase, there is a three step process:
- Obtain the gross value
- Deduct earlier splits
- Deduct surcharge liability
In the payment phase there is a two step process:
- Obtain the gross value
- Deduct earlier splits
Both of these require obtaining the gross value. The gross value is determined by a prescribed actuarial formula.
This can now be easily obtained using the SuperSplitting calculator. The calculator has been verified by consulting actuaries, the Heron Partnership.
Where valuation is required for court proceedings, a certificate can be obtained that the calculations are in accordance with the method prescribed by the Family Law (Superannuation) Regulations 2001.
The trustee may apply for a plan specific method and factors where the default factors produce results not in keeping with plan design.
Our fee schedule for single valuations is as follows (Includes GST):
Short Form Valuation (members only) $385.00
Full Report Valuation (Single or Joint Expert) $550.00
Affidavit $165.00
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