Document ID: chunk:federal_register_of_legislation:F2025C00069:front:0:p15
Version: federal_register_of_legislation:F2025C00069
Segment Type: other
Provision Reference: 
Character Range: 42113–44780

Act.
life expectancy period, for a benefit supported by a superannuation interest (within the meaning of the 1997 Tax Act), means the number of days in the complete expectation of life (as worked out using the prescribed Life Tables) on the retirement phase start day for the benefit of:
 (a) if the primary beneficiary of the benefit is alive on the retirement phase start day for the benefit—the primary beneficiary; or
 (b) otherwise—the person (if any) to whom the benefit was transferred because of the primary beneficiary's death, if at the time of that death the person was eligible under paragraph 6.21(2)(b) to be paid a benefit.
lost member has the meaning given by regulation 1.03A.
lost RSA holder has the meaning given by regulation 1.06 of the RSA Regulations.
market linked annuity means an annuity provided under a contract that meets the standards of subregulation 1.05(10).
market linked income stream means an annuity provided under a contract that meets the standards of subregulation 1.05(10), or a pension paid under rules that meet the standards of subregulation 1.06(8).
market linked pension means a pension paid under rules that meet the standards of subregulation 1.06(8).
member, except in Part 2, means:
 (a) in relation to an approved deposit fund—a depositor in the fund; and
 (b) in relation to a regulated superannuation fund—a member of the fund; and
 (c) in relation to a PST—a unit‑holder in the PST.
Note: The meaning of the term 'member' in Part 2 is defined in subregulation 2.01(2).
member spouse, in relation to a superannuation interest that is subject to a payment split, means the person who is the member spouse within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975 in relation to the interest.
minimum requisite benefit, in relation to a member, means the benefit certified by an actuary in a relevant benefit certificate as the minimum benefit in respect of the member.
non‑member spouse, in relation to a superannuation interest that is subject to a payment split, means the person who is the non‑member spouse within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975 in relation to the interest.
old Regulations means these Regulations as in force immediately before the FSR commencement.
operative time, for a payment split, means the operative time for the purposes of Part VIIIB or VIIIC (as the case may be) of the Family Law Act 1975 for the payment split.
part‑time, in relation to being gainfully employed, means gainfully employed for at least 10 hours, and less than 30 hours, each week
payment split means a payment split within the meaning of Part VIIIB or VIIIC of the Family Law