Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:3:p2
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 3 (pt 2/4)
Character Range: 20905–23678

component of a superannuation interest, of a member spouse in an eligible superannuation plan is a lifetime pension of the member spouse if the benefit is payable as a pension for the life of the member spouse.
Note: Regulation 11A also affects the meaning of lifetime pension.
market linked annuity means an annuity, other than an allocated annuity, that:
 (a) is paid from an identifiable lump sum; and
 (b) arises under a contract that meets the standards of subregulation 1.05(10) of the SIS Regulations.
market linked pension means a pension, other than an allocated pension, paid from an identifiable lump sum that meets the standards of subregulation 1.06(8) of the SIS Regulations or subregulation 1.07(3A) of the RSA Regulations.
member information statement, in relation to a member of an eligible superannuation plan, means a statement issued periodically to the member by the trustee of the plan that sets out information about the value of the member's interest in the plan (for example, the member's account balance, share in the plan or withdrawal benefit) at a particular date.
member's retirement age, for a member who has a defined benefit interest in an eligible superannuation plan, means:
 (a) subject to paragraphs (b) and (c), the latest retirement age for the member specified in the governing rules of the plan; or
 (b) if the latest retirement age for the member specified in the governing rules of the plan is more than 65 years, or no retirement age is specified in the governing rules of the plan—65 years; or
 (c) if the Minister has, under regulation 30, approved a retirement age as the retirement age for members of the plan, or an identifiable class of members of the plan that includes the member—the approved age.
Note: Regulation 30 authorises the Minister to approve as the retirement age for members, or an identifiable class of members, who hold a defined benefit interest in an eligible superannuation plan, an age other than:
(a) the retirement age specified in the governing rules of the plan; or
(b) the age of 65 years.
net earnings, in relation to a superannuation interest in a regulated superannuation fund, approved deposit fund or RSA to which the financial product disclosure provisions of the Corporations Regulations 2001 (being the provisions in Part 7.9 of those Regulations) apply, has the meaning given by regulation 7.9.01 of those Regulations.
partially vested accumulation interest has the meaning given by regulation 9.
Participation Schedule means the part of the Government Division Rules known as the Participation Schedule.
payment phase, in relation to a superannuation interest (other than a small superannuation accounts interest) of a member spouse, has the meaning given by regulation 8.
pension means a