Document ID: chunk:federal_register_of_legislation:F2025L00178:reg:3
Version: federal_register_of_legislation:F2025L00178
Segment Type: reg
Provision Reference: reg 3
Character Range: 148384–149216

3                                                                                (a) part of the benefits in respect of the superannuation interest is being paid as a pension at the relevant date; and                                                section 67.
                                                                                 (b) the remaining part of the benefits is payable as a lump sum (either at the relevant date or at any time after that date) that is not a commutation of the pension

Note: The above definition of gross value of the superannuation interest at the relevant date provides that if the superannuation interest:
(a) is a percentage‑only interest, then only look at section 69; or
(b) is an innovative superannuation interest that is not a percentage‑only interest, then only look at section 68.