Document ID: chunk:federal_register_of_legislation:C2024C00859:clause:1_90yg
Version: federal_register_of_legislation:C2024C00859
Segment Type: clause
Provision Reference: sch 1 cl 90YG
Character Range: 758256–759491

90YG  Splittable payments
 (1) Each of the following payments in respect of a superannuation interest of a party to a de facto relationship is a splittable payment:
 (a) a payment to the party;
 (b) a payment to another person for the benefit of the party;
 (c) a payment to the legal personal representative of the party, after the death of the party;
 (d) a payment to a reversionary beneficiary, after the death of the party;
 (e) a payment to the legal personal representative of a reversionary beneficiary covered by paragraph (d), after the death of the reversionary beneficiary.
 (2) A payment is not a splittable payment if it is prescribed by the regulations for the purposes of this subsection. The regulations may prescribe a payment either:
 (a) generally (that is, for the purposes of all payment splits in respect of a superannuation interest); or
 (b) only for the purposes of applying this Part to a particular payment split in respect of a superannuation interest.
 (3) If a payment is made to another person for the benefit of 2 or more persons who include the party to the de facto relationship, then the payment is nevertheless a splittable payment, to the extent to which it is paid for the benefit of the party.