Document ID: chunk:federal_register_of_legislation:C2004C01250:clause:1_30
Version: federal_register_of_legislation:C2004C01250
Segment Type: clause
Provision Reference: sch 1 cl 30
Character Range: 21961–22483

30  After subsection 16(6)
Insert:

 (6A) If:
 (a) a payment split applies to a splittable payment in respect of an interest that a person has as a member; and
 (b) the splittable payment becomes payable in circumstances where the member's surcharge account is in debit;
then the superannuation provider concerned must pay to the Commissioner, within one month after the day the splittable payment became payable, the amount by which the account is in debit (which discharges the provider's liability for the surcharge).