Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:64:p3
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 64 (pt 3/9)
Character Range: 208654–211226

the information is provided, and the amount of the lump sum is not known:
 (i) the amount of the lump sum that would have been paid at the date when the information is provided if a lump sum were payable at that date (the nominal lump sum); and
 (ii) the method that is to be used to index the nominal lump sum to determine the amount of the future lump sum; and
 (e) if a lump sum payment that would have been a superannuation lump sum, within the meaning of subsection 995‑1(1) of the Income Tax Assessment Act 1997 had been made in respect of the interest at the date when the information is provided:
 (i) the amount of the payment; and
 (ii) the value that the components of the superannuation lump sum would have had under Subdivision 307‑C of that Act would  have had; and
 (f) a statement:
 (i) indicating whether the Minister has approved, under regulation 43A, a method or factors for determining the gross value of the interest; and
 (ii) giving details of any method or factors so approved; and
 (g) if the application for information specifically requests the trustee to provide it and the trustee chooses to do so—the gross value of the interest at the appropriate date, determined in accordance with:
 (i) whichever of the methods in regulation 41, 42 or 43 applies to the interest; or
 (ii) a method or factors approved by the Minister under regulation 43A.
 (4) For paragraph (2)(e), the growth phase information in relation to the superannuation interest is as follows:
 (a) the member's retirement age;
Note: The term member's retirement age is defined in regulation 3.
 (b) the member spouse's accrued benefit multiple, within the meaning given by regulation 65, for any lump sum, or pension, payable in respect of the interest;
 (c) the salary figure, on which any benefit payable in respect of the interest would be based, assuming that the member were eligible to retire at the appropriate date;
Example:  If the benefit payable in respect of a member's superannuation interest is defined by reference to the member's final average salary, the salary figure for this paragraph would be the member's final average salary.
 (d) if the benefit in respect of the interest is payable as a combination of a lump sum and a pension and the governing rules of the plan restrict the proportion of the pension that may be commuted to a lump sum—the maximum amount of pension that may be commuted to a lump sum, expressed as a percentage of the amount of the pension that would be payable if the whole benefit were to be taken as a pension;
 (da) if the benefit