Document ID: chunk:federal_register_of_legislation:F2023C01022:reg:14n:p3
Version: federal_register_of_legislation:F2023C01022
Segment Type: reg
Provision Reference: reg 14N (pt 3/3)
Character Range: 75423–76925

interest; and
 (b) the governing rules of the original scheme provide for the reduction of the benefit payable to any other member of the scheme (other than the member spouse or a reversionary beneficiary of the member spouse) as a result of the non‑member spouse's separate entitlement.
 (7) For this regulation, the value at a particular time of the non‑member spouse's entitlement in relation to the superannuation interest is:
 (a) the value at that time worked out in accordance with Part 2 of Schedule 1A, if:
 (i) the superannuation agreement or flag lifting agreement mentioned in subregulation (2) identified the percentage that was to apply for subparagraph 90XJ(1)(b)(i) or 90YN(1)(b)(i) (as the case may be) of the Act; and
 (ii) the splitting order mentioned in subregulation (2) was made under paragraph 90XT(1)(c) or 90YY(1)(c) of the Act; or
 (b) the value at that time worked out in accordance with Part 3 of Schedule 1A, if:
 (i) the superannuation agreement or flag lifting agreement mentioned in subregulation (2) identified a percentage that was to apply for subparagraph 90XJ(1)(b)(ii) or 90YN(1)(b)(ii) (as the case may be) of the Act; and
 (ii) the splitting order mentioned in subregulation (2) was made under paragraph 90XT(1)(b) or 90YY(1)(b) of the Act.
 (8) For the avoidance of doubt, nothing in this regulation requires the trustee of an eligible superannuation plan mentioned in subregulation (1) to do any of the things mentioned in subregulation (3), (4), (4A) or (5).