Family Law (Superannuation-Provision of Information: Governors-General Pension Scheme) Determination 2013 (Cth)

Family Law (Superannuation—Provision of Information: Governors‑General Pension Scheme) Determination 2013

I, Mark Dreyfus, Attorney‑General, make the following determination under subregulations 64(7) and (7B) of the Family Law (Superannuation) Regulations 2001.

Dated:  12 March 2013

Mark Dreyfus

Attorney‑General

Contents

1............ Name of determination.................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Definitions..................................................................................................................... 1

5............ Application of determination......................................................................................... 1

6............ Provision of information by trustee—growth phase interests........................................ 1

7............ Provision of information by trustee—payment phase interest....................................... 2

1  Name of determination

This determination is the Family Law (Superannuation—Provision of Information: Governors‑General Pension Scheme) Determination 2013.

2  Commencement

This determination commences on 15 March 2013.

3  Authority

This determination is made under subregulations 64(7) and (7B) of the Family Law (Superannuation) Regulations 2001.

4  Definitions

(1)  In this determination:

growth phase table means the table in clause 2 of Part 7 of Schedule 1 to the Methods and Factors Approval.

Methods and Factors Approval means the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003.

Regulations means the Family Law (Superannuation) Regulations 2001.

Scheme means the Governors‑General Pension Scheme constituted by an allowance payable under section 4 of the Governor‑General Act 1974.

(2)  For this determination, a reference to “the relevant date” in the definition of a factor in the Methods and Factors Approval mentioned in column 3 of an item of the table in section 6 is to be read as if it were a reference to “the appropriate date”.

5  Application of determination

This determination applies to a superannuation interest in the Scheme for which methods and factors have been approved under Part 7 of Schedule 1 to the Methods and Factors Approval. 

6  Provision of information by trustee—growth phase interests

For a superannuation interest mentioned in an item in the following table:

(a)  for paragraph 64(7)(a) of the Regulations—the trustee of the Scheme is not required to provide the information about the interest mentioned in column 2 of the item; and

(b)  for paragraph 64(7)(b) of the Regulations—the trustee of the Scheme must provide the information about the interest mentioned in column 3 of the item.

Provision of information for growth phase interests
Column 1	Column 2	Column 3
Item	Superannuation interest	Information not required to be provided	Information that must be provided
1	An interest mentioned in item 1 of the growth phase table	The information mentioned in paragraphs 64(4)(a) to (m) of the Regulations	The factor PA as defined in item 1 of the growth phase table
2	An interest mentioned in item 2 of the growth phase table	The information mentioned in paragraphs 64(4)(a) to (m) of the Regulations	The factor ATA as defined in item 2 of the growth phase table

7  Provision of information by trustee—payment phase interest

(1)  This section is made for paragraph 64(7B)(a) of the Regulations, in relation to an interest that a person has in the Scheme as a result of being paid an allowance under section 4 of the Governor‑General Act 1974.

(2)  The trustee of the Scheme is not required to provide the information mentioned in paragraphs 64(3)(a), (aa), (c), (d) and (e) of the Regulations.