FAMILY LAW (SUPERANNUATION) REGULATIONS 2001 2001 No. 303 - REG 49 Amount to be paid to non-member spouse — benefit payable only as lump sum that is equal to or more than adjusted base amount

Commonwealth Numbered Regulations

Amount to be paid to non-member spouse — benefit payable only as lump sum that is equal to or more than adjusted base amount

(1): This regulation applies in relation to the superannuation interest if, on satisfying a relevant condition of release in relation to the interest, the member spouse receives a lump sum (other than a lump sum received because the member spouse has chosen, by way of a commutation of a pension payable to him or her, or otherwise, to take the whole, or a part, of the benefits in respect of the interest, as a lump sum) that is equal to or more than the amount of the adjusted base amount applicable to the non-member spouse at that time.

(2): The amount that the non-member spouse is entitled to be paid from the lump sum is the amount that is equal to the amount of the adjusted base amount applicable to the non-member spouse at that time.
(3): The non-member spouse is not entitled to be paid any amount from any other splittable payment in respect of the superannuation interest.

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