Document ID: chunk:federal_register_of_legislation:C2004C01280:clause:1_90mi
Version: federal_register_of_legislation:C2004C01280
Segment Type: clause
Provision Reference: sch 1 cl 90MI
Character Range: 12599–13428

90MI  Operative time for payment split

  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) either:
 (i) a copy of the decree absolute dissolving the marriage; or
 (ii) a separation declaration with a declaration time that is not more than 28 days before the service on the trustee; 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.