Superannuation Industry (Supervision) Regulations 1994
Pt 7A inserted by SR No 353 of 2001, reg 3 and Sch 1 item 43, effective 28 December 2002.
Div 7A.4 inserted by SR No 353 of 2002, reg 3 and Sch 1 item 61, effective 28 December 2002.
This regulation applies if the trustee creates a new interest in the fund for the non-member spouse.7A.20(2) [Proportions preserved]
(a) a proportion must be taken from the unrestricted non-preserved benefits, the restricted non-preserved benefits and the preserved benefits of the member spouse; and
(b) the proportion taken from each category of benefits must be the same as the category bears to the member spouse's interest immediately before the interest was created. 7A.20(3) [Character of benefits preserved]
The benefits held in the new interest are unrestricted non-preserved benefits, restricted non-preserved benefits or preserved benefits in accordance with the character that they had in the member spouse's interest.
Reg 7A.20 inserted by SR No 353 of 2002, reg 3 and Sch 1 item 61, effective 28 December 2002.
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