Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:63:p1
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 63 (pt 1/10)
Character Range: 179405–182268

63  Information about certain accumulation interests (Act s 90XZB, 90YZR)
 (1) This regulation applies in relation to a superannuation interest of a member of an eligible superannuation plan if:
 (a) the interest is an accumulation interest or a component of the interest is an accumulation interest; and
 (b) the interest is not a percentage‑only interest or an interest in a self managed superannuation fund; and
 (c) regulation 68A does not apply in relation to the interest.
 (2) For subsections 90XZB(3) and 90YZR(3) of the Act and subject to subregulations (6), (6A) and (6B), the information about the accumulation interest that must be provided to an applicant by the trustee of the plan is as follows:
 (aa) if the interest is an unsplittable interest, a statement to that effect;
 (a) a statement indicating whether the interest is subject to a payment split or payment flag and, if the interest is subject to a payment split (other than under a superannuation agreement, flag lifting agreement or splitting order in relation to which the non‑member spouse's entitlement has been satisfied as required by Division 2.2), the information mentioned in subregulation (5);
 (b) the date of commencement of the member's  service period, within the meaning of subsection 995‑1(1) of the Income Tax Assessment Act 1997;
 (c) the date when the member first became a member of the plan;
 (d) if the interest was in the payment phase at the appropriate date—the payment phase information in relation to the interest mentioned in subregulation (3);
 (e) if the interest was in the growth phase at the appropriate date:
 (i) in the case of an accumulation interest other than a partially vested accumulation interest—the growth phase information in relation to the interest mentioned in subregulation (4); and
 (ii) in the case of a partially vested accumulation interest—the growth phase information in relation to the interest mentioned in subregulation (4A);
 (ea) if the application for information specifically requests the trustee to provide information about the withdrawal benefit in relation to the member—the withdrawal benefit in relation to the member at the date when the information is provided;
Note: If an application for information specifically requests the information mentioned in paragraph (ea) to be provided, the trustee is required to provide only the information mentioned in that paragraph to the applicant, and is not required to provide any other information to the applicant under this regulation—see paragraph (6)(a).
 (f) details of any fees that may be charged by the trustee under paragraph 59(1)(a), (b), (c), (d) or (f).
 (3) For paragraph (2)(d), the payment phase information in relation to the superannuation interest is:
 (a) if the member is receiving ongoing pension payments in respect of an allocated pension—the withdrawal