Document ID: chunk:federal_register_of_legislation:C2004C01280:clause:1_90mk
Version: federal_register_of_legislation:C2004C01280
Segment Type: clause
Provision Reference: sch 1 cl 90MK
Character Range: 15587–16418

90MK  Operative time for payment flag

 (1) The operative time for a payment flag under a superannuation agreement is:
 (a) the service time, if the eligible superannuation plan is a self‑managed superannuation fund; or
 (b) otherwise, the beginning of the fourth business day after the day on which the service time occurs.

 (2) In this section:

self‑managed superannuation fund has the same meaning as in the SIS Act.

service time means the time when 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 a form of declaration is prescribed for the purposes of this paragraph—a declaration in that form.