Super Splitting Basis
Valuations are the ‘family law’ value for ‘super splitting’ purposes at the requested date(s). The Family Law doesn’t always require a valuation on that basis but it’s a valid benchmark while the parties can still split the interest.
Super Splitting versus Payout Value
The legal formulae always return a specific value, but they are based on various assumptions that might not match a person’s individual cirmstances, so the value will usually be different to an actual ‘payout’ value, and mustn’t be relied upon as such.
The super splitting valuation reports fully comply with the expert’s obligations under Part 15.5 of the Family Law Rules 2004, and with Federal Court of Australia Practice Note CM 7. Amongst other things there is an overriding duty to the Court, and the expert is not an advocate for either party.
Our relevant specialised knowledge in calculating super splitting valuations is based on training, study and experience. This includes 12+ years experience consulting in family law valuations throughout Australia for Comsuper and all other funds, without mishap, mathematical, analysis and accounting skill set derived from academic study (B.Com LL.B), long experience as a Solicitor and practising Barrister, and as a professional computer programmer, an extremely detailed study of the relevant laws such as Family Law (Superannuation) Regulations 2001 since January 2003, presentation at law conferences and writing 1 million lines of highly accurate computer code to handle all valuations.