SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7A.03 Trustee to give payment split notice
SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7A.03
Trustee to give payment split notice(1) If an interest in a regulated superannuation fund or an approved deposit fund becomes subject to a payment split, the trustee of the fund must notify the member spouse and the non - member spouse in relation to the interest that the interest is subject to a payment split.
(b) state the date on which it is given.
(a) for a payment split under a superannuation agreement or flag lifting agreement--within 28 days after the operative time for the payment split; and
(b) for a payment split under a splitting order--by the later of:
(i) the end of 28 days after the operative time for the payment split; and
(ii) the end of 28 days after the trustee receives a copy of the order.
(4) Despite subregulation (1), the trustee is not required to give a payment split notice in respect of an interest if the interest ceases to be subject to a payment split:
(a) before the end of the period applying under subregulation (3); and
(b) for a reason other than the creation of a non - member spouse interest under regulation 7A.03B.
Note: A non - member spouse may also be entitled to information under
section 1017C of the Corporations Act 2001 , Division 2.5 and
Division 2.5A.