Document ID: chunk:federal_register_of_legislation:F2025L00178:reg:103
Version: federal_register_of_legislation:F2025L00178
Segment Type: reg
Provision Reference: reg 103
Character Range: 227734–229268

103  Accumulation interests to which this Subdivision applies
 (1) This Subdivision applies for a superannuation interest of a member of an eligible superannuation plan if:
 (a) the superannuation interest, or a component of the superannuation interest, is an accumulation interest; and
 (b) the superannuation interest is neither a percentage‑only interest nor an interest in a self managed superannuation fund; and
 (c) Subdivision G does not apply for the superannuation interest.
 (2) In this Subdivision:
total member credit, for a superannuation interest of a member and a date, means the total amount that would be standing to the credit of the member in respect of the interest if the benefit in respect of the interest were fully vested at that date.
valuation date, for a superannuation interest to which a member information statement for the member spouse applies, means the date as at which the value of the interest, or the total member credit, is stated in the statement.
value, of a superannuation interest stated in a statement, means:
 (a) the value of the interest stated in the statement, however described (for example, the member's account balance, share in the plan, withdrawal benefit); or
 (b) if 2 or more values of the interest are stated in the statement—the value of the benefits (before any taxes or other charges have been deducted) that would have been payable in respect of the interest if the member spouse had voluntarily ceased to be a member of the plan at the date at which the value is stated.