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COMMONWEALTHAct
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s 90XI

Operative time for payment split

In force
Volume 2s 90AA-Endnotes
Part VIIIBSuperannuation interests
Division 2Payment splitting or flagging by agreement
Subdivision BPayment splitting

90XI Operative time for payment split

(1)

The operative time for a payment split under a superannuation agreement or flag lifting agreement is the beginning of the fourth business day after the day on which a copy of the agreement is served on the trustee, accompanied by:

(a)

if the parties are divorced—a copy of the divorce order that has terminated the marriage; and

(aa)

if, in the case of a payment split under a superannuation agreement:

(i)

the parties are not divorced; and

(ii)

a separation declaration is not part of the superannuation agreement;

a separation declaration; and

(b)

if the agreement specifies a method for calculating a base amount—a document setting out the amount calculated using that method; and

(c)

if a form of declaration is prescribed for the purposes of this paragraph—a declaration in that form.

Note:

The base amount is used to calculate the entitlement of the non‑member spouse under the regulations.

(2)

For the purposes of subsection (1), the separation declaration must have a declaration time that is not more than 28 days before the service on the trustee.

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Section 90XI — Operative time for payment split — Family Law Act 1975 (Commonwealth) — Barrister AI