Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:63:p2
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 63 (pt 2/10)
Character Range: 182002–184569

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 benefit in relation to the member at the appropriate date; and
 (aa) if the member is receiving ongoing pension payments in respect of a market linked pension—the market linked pension account balance at the appropriate date; and
 (b) if the member is receiving ongoing pension payments in respect of a pension other than an allocated pension or a market linked pension:
 (i) the amount of annual pension benefit payable to the member at the appropriate date; and
 (ii) a statement indicating whether the pension benefit is a lifetime pension or a fixed‑term pension; and
 (iii) if the pension is a fixed‑term pension:
 (A) the date when the pension payments commenced; and
 (B) the length of the term; and
 (iv) a statement indicating whether the pension benefit is indexed and, if so, the method of indexation; and
 (v) a statement indicating whether there is any reversionary beneficiary who is a non‑member spouse in relation to the pension benefit and, if so, the proportion of the ongoing pension payments that would be payable to the reversionary beneficiary on the death of the member; and
Note for paragraphs (a) and (b): The trustee is not required to provide the information mentioned in paragraph (a) or subparagraph (b)(i) unless a record of it is in the trustee's possession, power or control—see paragraph (6)(b).
 (c) if a lump sum is payable to the member in respect of the interest at the date when the information is provided or at any later date, and the amount of the lump sum is known—the amount of the lump sum; and
 (d) if a lump sum (a future lump sum) is payable to the member in respect of the interest at a date after the date when the information is provided, and the amount of the lump sum is not known:
 (i) the amount of the lump sum that would have been paid at the date when the information is provided if a lump sum were payable at that date (the nominal lump sum); and
 (ii) the method that is to be used to index the nominal lump sum to determine the amount of the future lump sum; and
 (e) if a lump sum payment that would have been a superannuation lump sum, within the meaning of subsection 995‑1(1) of the Income Tax Assessment Act 1997 had been made in respect of the interest at the date when the information is provided:
 (i) the amount of the payment; and