Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:51:p3
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 51 (pt 3/4)
Character Range: 145837–148356

sum paid and the minimum lump sum; and
 (B) each other splittable payment that becomes payable in respect of the superannuation interest.
 (5) For paragraph (4)(a), the amount of the minimum lump sum is calculated in accordance with the following formula:

  where:
ABA is the amount of the adjusted base amount applicable to the non‑member spouse at the date when the first splittable payment became payable in respect of the superannuation interest.
X is the amount of the lump sum paid to the non‑member spouse under paragraph 50(2)(a).
Prop. is the proportion of the remaining adjusted base amount applicable to the non‑member spouse that the non‑member spouse has requested to be paid, as a lump sum, to him or her in the request served on the trustee.
Comm has the same meaning as in subregulation (3).
Py+m has the same meaning as in subregulation (3).
 (6) For subparagraph (4)(b)(ii), the amount is calculated in accordance with the following formula:

where:
ABA is the amount of the adjusted base amount applicable to the non‑member spouse at the date when the first splittable payment became payable in respect of the superannuation interest.
X is the amount of the lump sum paid to the non‑member spouse under paragraph 50(2)(a).
Prop. is the proportion of the remaining adjusted base amount applicable to the non‑member spouse that the non‑member spouse has requested to be paid, as a lump sum, to him or her in the request served on the trustee.
SP is:
 (a) if applicable, the amount of the difference between the actual lump sum paid to the member spouse and the minimum lump sum; or
 (b) the amount of the relevant splittable payment.
rV is the remaining value of the superannuation interest after the payment of the lump sums to the non‑member spouse under paragraph 50(2)(a) and subparagraph (4)(b)(ii) of this regulation, calculated in accordance with subregulation (7).
 (7) For subregulation (6), the remaining value (rV) of the superannuation interest after the payment of the lump sums to the non‑member spouse under paragraph 50(2)(a) and subparagraph (4)(b)(ii) of this regulation is calculated in accordance with the following formula:

where:
A has the meaning given by subregulation 50(3).
X is the amount of the lump sum paid to the non‑member spouse under paragraph 50(2)(a).
Y is the amount of the lump sum paid to the non‑member spouse under subparagraph (4)(b)(i) of this regulation.
Py+m has the same meaning as in subregulation (3).
Comm has the same meaning as in subregulation (3).