Document ID: chunk:federal_register_of_legislation:C2014C00751:clause:3_24e:p2
Version: federal_register_of_legislation:C2014C00751
Segment Type: clause
Provision Reference: sch 3 cl 24E (pt 2/2)
Character Range: 106680–108431

amount, then:
 (a) for the purposes of subsection (2), take account only of the lost member's entitlement to payment remaining after any reduction by the payment split (disregarding subsection 90MB(3) of the Family Law Act 1975); and
 (b) the superannuation provider must also pay an amount (the non‑member spouse amount) to the Commissioner in respect of the non‑member spouse; and
 (c) the non‑member spouse amount is due and payable at the same time as the amount payable under subsection (1); and
 (d) the amount of the non‑member spouse amount is the amount of the reduction mentioned in paragraph (a).
Note 1: Part VIIIB of the Family Law Act 1975 is about splitting amounts payable in respect of a superannuation interest between the parties to a marriage. Subsection 90MB(3) of that Act provides that the Part has effect subject to this Act.
Note 2: Subsection 24F(2) makes it an offence not to comply with a requirement under this subsection.

Miscellaneous
 (5) This section does not require the superannuation provider to pay the Commissioner:
 (a) an amount that is unclaimed money at the end of the unclaimed money day; or
 (b) an amount payable to a person identified in a notice the Commissioner has given the provider under section 20C.
Note 1: Unclaimed money is payable to the Commissioner under section 17.
Note 2: An amount mentioned in paragraph (5)(b) is payable to the Commissioner under section 20F.
 (6) Upon payment to the Commissioner of an amount as required under this section, the superannuation provider is discharged from further liability in respect of that amount.
 (7) For the purposes of this section, ignore accounts with nil balances, or balances below nil, as at the calculation time mentioned in subsection (1).