Document ID: chunk:federal_register_of_legislation:F2025C00069:front:0:p16
Version: federal_register_of_legislation:F2025C00069
Segment Type: other
Provision Reference: 
Character Range: 44551–47266

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 Act 1975.
payment split notice means a notice given by a trustee under regulation 7A.03.
pension age:
 (a) in relation to a person other than a person mentioned in paragraph (b)—has the meaning given by subsections 23(5A), (5B), (5C) or (5D) of the Social Security Act 1991; and
 (b) in relation to a person who is a veteran within the meaning of the Veterans' Entitlement Act 1986—has the meaning that it has in section 5QA of that Act.
percentage‑only interest means percentage‑only interest within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975.
percentage payment split, in relation to a superannuation interest, means a payment split under a superannuation agreement, flag lifting agreement or splitting order that specifies a percentage that is to apply to all splittable payments in respect of the interest.
prescribed Life Tables means the Life Tables prescribed by section 7 of the Income Tax Assessment (1936 Act) Regulation 2015, as if references in that section to:
 (a) an annuity included a reference to a benefit supported by a superannuation interest (within the meaning of the 1997 Tax Act); and
 (b) the year in which the annuity first commences to be payable were a reference to the year that includes the retirement phase start day for the benefit.
protected member has the meaning given by regulation 1.03B.
PST means a pooled superannuation trust.
receiving spouse has the meaning given by regulation 6.46.
registered company auditor has the same meaning as in the Corporations Act 2001.
relevant benefit certificate, in relation to a regulated superannuation fund, means a benefit certificate that relates to a defined benefit superannuation scheme (within the meaning of the SG(A) Act) of which the fund forms part.
relevant entity means:
 (a) a public offer entity; or
 (b) an approved deposit fund.
Note: The expression relevant entity is defined in the same terms as in section 22 of the Act.
reserves, in relation to a superannuation entity, means reserves maintained under section 115 of the Act.
retirement phase has the same meaning as in the 1997 Tax Act.
retirement phase start day, for a benefit supported by a superannuation interest (within the meaning of the 1997 Tax Act), means:
 (a) if the benefit is a deferred superannuation income stream—the later of:
 (i) the day the primary beneficiary satisfies a condition of release mentioned in item 101, 102, 102A, 103 or 106 of Schedule 1; and
 (ii) the day the superannuation interest