Superannuation Industry (Supervision) Amendment Regulations 2002 (No. 5) (353 of 2002)

Schedule 1   Amendments

33   Regulation 7A.04

insert

(2) This Division does not apply to an accumulation interest that is:

(a) a partially vested accumulation interest if the court order, superannuation agreement or flag lifting agreement specifies a base amount that is greater than the current withdrawal benefit of the member; or

(b) determined by reference to a policy of life insurance mentioned in regulation 5.15D.

(3) This Division does not apply to an original interest if the trustee has created a non-member spouse interest under regulation 7A.03B.

(4) In this regulation:

partially vested accumulation interest has the meaning given by regulation 9 of the Family Law (Superannuation) Regulations 2001.