Superannuation Acts (Family Law) Act 2003 (Vic)
Superannuation Acts (Family Law) Act 2003
| ts | Act No. 70/2003 |
| n | |
| e | |
| m | TABLE OF PROVISIONS |
| u | Section | Page |
| c | ||
| o | PART 1—PRELIMINARY | 1 |
| D |
1. Purpose 1
| ry | 2. | Commencement | 2 |
| ta | PART 2—EMERGENCY SERVICES SUPERANNUATION ACT | ||
| n |
|
| e | 3. | Definitions | 3 |
| m | 4. | Accrued benefits | 3 |
| ia | 5. | New Part 4A inserted | 4 |
| rl | PART 4A—FAMILY LAW PROVISIONS | 4 | |
| a | 22E. | Definitions | 4 |
| P | 22F. | Obligation on Board | 7 |
| d | 22G. | Reduction of benefit or accrued benefit entitlement | 10 |
| n | 22H. | Board may provide additional information | 10 |
| a | 22I. | Charging of fees | 11 |
6. Section 26 substituted 12
| n | 26. | Assignment or charging of interest | 12 |
| o | |||
| ti | 7. | Specified standards | 13 |
| la | PART 3—GOVERNMENT SUPERANNUATION ACT 1999 | 14 |
| is | 8. | Family Law provisions | 14 |
| g | 9. | MTA Superannuation Fund | 14 |
| e |
| L | PART 4—PARLIAMENTARY SALARIES AND | |
| ||
| n | ||
| a | ||
| ri |
10. New Division 3A inserted in Part II 16 Division 3A—Family Law Provisions 16
| to | 21CA. | Definitions | 16 |
| ic | |||
| V |
i
Section Page
21CE. Parliamentary Trustee may provide additional
information 23 21CF.
Commutation rights not affected 23
| ts | 21CG. | Charging of fees | 23 |
11. Specified standards 25
n
| e | PART 5—STATE EMPLOYEES RETIREMENT BENEFITS ACT | ||
| m |
|
| u | 12. | Membership of scheme | 26 |
| c | 13. | Calculation of benefit | 26 |
| o | 14. | Minimum benefit | 26 |
| D | 15. | New Part IVA inserted | 27 |
| ry | PART IVA—FAMILY LAW PROVISIONS | 27 | |
| ta | 66AA. Definitions | 27 |
66AB. Accrued benefit multiple 30
| n | 66AC. | Obligation on Board | 30 |
| e | 66AD. | Reduction of benefit or accrued benefit entitlement | 33 |
| m | 66AE. | Board may provide additional information | 34 |
| ia | 66AF. | Commutation rights not affected | 34 |
| rl | 66AG. Charging of fees | 34 |
16. Section 70A substituted 36
| a | 70A. | Assignment or charging of interest | 36 |
| P | 17. | Specified standards | 36 |
| d | PART 6—STATE SUPERANNUATION ACT 1988 | 38 |
| n |
| a | 18. | Definition of "secondment" | 38 |
| 19. | What does "partially dependent" mean? | 38 | |
| n | 20. | Amendment of section 16A | 38 |
| o | |||
| ti | 21. | Original scheme members | 39 |
| 22. | New section 27A inserted | 39 | |
| la | 27A. | Application of Family Law provisions to pensioners | 39 |
| is | 23. | Benefit on retirement of new scheme member | 40 |
| 24. | New Part 7A inserted | 40 | |
| g | |||
| e | PART 7A—FAMILY LAW PROVISIONS | 40 | |
| L | 59AA. Definitions | 40 | |
| n | 59AB. | Accrued benefit multiple | 43 |
| a | 59AC. | Obligation on Board | 43 |
| ri | 59AD. | Reduction of benefit or accrued benefit entitlement | 47 |
| to | 59AE. | Board may provide additional information | 47 |
| 59AF. | Commutation rights not affected | 47 | |
| ic | |||
| V |
ii
Section Page
28. Section 88 substituted 50
88. Assignment or charging of interest 50
29. Specified standards 50
| ts | 30. | MWCESF | 51 |
| 31. | Water Industry Superannuation Fund | 51 | |
| n | 32. | Port of Melbourne Authority Superannuation Fund | 52 |
| e |
| m | PART 7—SUPERANNUATION (PORTABILITY) ACT 1989 | 53 |
| u | 33. | New definitions inserted | 53 |
| c | 34. | Family Law provisions | 56 |
| o | 9AA. | Obligation on administrators | 56 |
| D | 9AB. | Reduction of deferred retirement benefit or transfer | |
| amount | 59 | ||
| ry | 9AC. | Administrators may provide additional information | 60 |
| ta | 9AD. | Charging of fees | 60 |
| n | PART 8—TRANSPORT SUPERANNUATION ACT 1988 | 62 |
| e |
35. What does "partially dependent" mean? 62
| m | 36. | Benefit on retirement | 62 |
| ia | 37. | Minimum benefit | 62 |
| rl | 38. | New Part 7A inserted | 63 |
| a | PART 7A—FAMILY LAW PROVISIONS | 63 | |
| P | 36AA. Definitions | 63 | |
| d | 36AB. | Accrued benefit multiple | 66 |
| n | 36AC. | Obligation on Board | 66 |
| a | 36AD. | Reduction of benefit or accrued benefit entitlement | 69 |
| 36AE. | Board may provide additional information | 70 | |
| n | 36AF. | Commutation rights not affected | 70 |
| o |
| ti | 36AG. Charging of fees | 70 |
39. Section 49 substituted 72
| la | 49. | Assignment or charging of interest | 72 |
| is | 40. | Specified standards | 72 |
| g | PART 9—UNCLAIMED MONEYS ACT 1962 | 74 |
| e |
| L | 41. | Family Law provisions | 74 |
| 42. | Statement of unclaimed superannuation benefits | 74 |
| n | ═══════════════ |
| a |
| ri | ENDNOTES | 75 |
| to | ||
| ic | ||
| V |
iii
ts
n
e
m
u
| c | |
| o | Victoria |
| D | |
| ry | |
| ta | |
| n | No. 70 of 2003 |
| e | |
| m | |
| ia | |
| rl | Superannuation Acts (Family Law) Act |
| a | 2003† |
| P |
[Assented to 14 October 2003]
d
n
a
n
o
| ti | The Parliament of Victoria enacts as follows: |
| la | |
| is | |
| g | PART 1—PRELIMINARY |
| e | |
| L | 1. Purpose |
| n | The purpose of this Act is to amend specified |
| a | |
| ri | Superannuation Acts in relation to Family Law |
| provisions and miscellaneous other matters. | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 1—Preliminary
s. 2
2. Commencement
(1) Subject to this section, this Act comes into
| ts | operation on the day after the day on which it |
| n | receives the Royal Assent. |
| e | (2) Sections 7(1), 11(1), 17(1), 29(1) and 40(1) are |
| m | deemed to have come into operation on 30 June |
| u | 1996. |
| c | |
| o | (3) Section 12 is deemed to have come into operation |
| D | on 1 January 1994. |
| ry | (4) Section 21 is deemed to have come into operation |
| ta | on 16 June 1996. |
| n | (5) Section 27 is deemed to have come into operation |
| e | on 6 December 2000. |
| m | __________________ |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 3
PART 2—EMERGENCY SERVICES SUPERANNUATION
ACT 1986
ts
| n | 3. Definitions |
| e | In section 3(1) of the Emergency Services | See: Act No. |
| m | Superannuation Act 1986, in the definition of | 94/1986. |
| u | "nominee", after paragraph (b) insert— | Reprint No. 4 |
| c | as at | |
| o | 1 December |
"; or 1999 and
| D | amending |
(c) any person over the age of 18 years who is not in the opinion of the Board a full-time
Act Nos
| ry | 29/2000, 69/2000, |
| ta | student and to whom the contributor has | 95/2000 and |
| been the natural or adoptive parent.". | 27/2001. | |
| n | LawToday: | |
| e | dpc.vic. | |
| m | gov.au | |
| ia |
| rl | 4. Accrued benefits |
| a | After section 20C(2) of the Emergency Services |
| P | Superannuation Act 1986 insert— |
| d | "(2A) For the purposes of sub-section (2), if a |
| n | |
| a | payment or transfer to a non-member spouse is made for the purposes of Part VIIIB of the |
| n | Commonwealth Family Law Act 1975 |
| o | |
| ti | whether under Part 4A or otherwise, the |
| la | maximum accrued benefit of the member |
| spouse must be adjusted by the Board in | |
| is | accordance with a methodology approved by |
| g | the Minister, on the advice of an actuary |
| e | |
| L | appointed by the Board.". |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
5. New Part 4A inserted
After Part 4 of the Emergency Services
| ts | Superannuation Act 1986 insert— |
| n | |
| e | 'PART 4A—FAMILY LAW PROVISIONS |
| m | 22E. Definitions |
| u | |
| c | (1) In this Part— |
| o | "approved deposit fund" has the meaning |
| D | given by section 10(1) of the |
| ry | Commonwealth Superannuation |
| ta | Industry (Supervision) Act 1993; |
| n | "eligible rollover fund" means a fund |
| e | within the meaning of section 242 of |
| m | the Commonwealth Superannuation |
| ia | Industry (Supervision) Act 1993; |
| rl | "eligible superannuation plan" means— |
| a | |
| P | (a) a regulated superannuation fund; |
| d | or |
| n | (b) an approved deposit fund; or |
| a | |
| (c) an exempt public sector | |
| n | superannuation scheme; or |
| o | |
| ti | (d) an RSA; |
| la | "exempt public sector superannuation |
| is | scheme" means a public sector |
| g | superannuation scheme within the |
| e | meaning of section 10(1) of the |
| L | Commonwealth Superannuation |
| n | Industry (Supervision) Act 1993; |
| a | |
| ri | "flag lifting agreement" has the meaning |
| to | given by section 90MN of the |
| ic | Commonwealth Family Law Act 1975; |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
"flagging order" means an order mentioned in section 90MU(1) of the
| ts | Commonwealth Family Law Act 1975; |
| n | "interest" has the meaning given by section |
| e | 90MD of the Commonwealth Family |
| m | Law Act 1975; |
| u | "member spouse", in relation to a |
| c | superannuation interest, means the |
| o | spouse who has the superannuation |
| D | interest; |
| ry | "non-member spouse", in relation to a |
| ta | superannuation interest, means the |
| n | spouse who is not the member spouse |
| e | in relation to that interest; |
| m | "payment flag" has the meaning given by |
| ia | section 90MD of the Commonwealth |
| rl | Family Law Act 1975; |
| a | |
| P | "regulated superannuation fund" means a superannuation fund which complies |
| d | |
| n | with section 19 of the Commonwealth |
| a | Superannuation Industry (Supervision) Act 1993; |
| n | |
| o | "relevant condition of release" means, a |
| ti | condition of release mentioned in item |
| la | 101, 102, 103 or 106 of Schedule 1 to |
| is | the Commonwealth Superannuation |
| g | Industry (Supervision) Regulations |
| e | 1994; |
| L | "reversionary interest" has the meaning |
| n | given by section 90MF of the |
| a | |
| ri | Commonwealth Family Law Act 1975; |
| to | "RSA" means a retirement savings account |
| ic | within the meaning of the |
| Commonwealth Retirement Savings | |
| V | Accounts Act 1997; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
"specified period" means the period which
is specified to be the specified period in
| ts | the specified standards; |
| n | "splitting order" means an order mentioned |
| e | in section 90MT of the Commonwealth |
| m | Family Law Act 1975; |
| u | "superannuation agreement" has the |
| c | meaning given by section 90MH of the |
| o | Commonwealth Family Law Act 1975; |
| D |
"superannuation fund" has the same
| ry | meaning as in the Commonwealth |
| ta | Superannuation Industry (Supervision) |
| n | Act 1993; |
| e | "superannuation interest" means an |
| m | interest that a person has as a member |
| ia | of an eligible superannuation plan, but |
| rl | does not include a reversionary interest; |
| a | |
| P | "unsplittable interest" has the meaning given by section 90MD of the |
| d | |
| n | Commonwealth Family Law Act 1975; |
| a | "value at a particular time of the non- |
| n | member spouse's entitlement in |
| o | respect of the superannuation |
| ti | interest" means the value as |
| la | determined in accordance with |
| is | regulation 14G(8) of the |
| g | Commonwealth Family Law |
| e | (Superannuation) Regulations 2001; |
| L | "value of the member spouse's interest in |
| n | the Scheme" means the value as |
| a | |
| ri | determined in accordance with Part 5 of the Commonwealth Family Law |
| to | (Superannuation) Regulations 2001. |
| ic | (2) A reference to the transfer of an amount is to |
| V | be construed as including a reference to the rollover of an amount. |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
22F. Obligation on Board
(1) Subject to sub-sections (5) and (6), the Board
| ts | must comply with this section if— |
| n | (a) a superannuation agreement which |
| e | provides for a payment split; or |
| m | (b) a flag lifting agreement which provides |
| u | |
| c | for a payment split; or |
| o | (c) a splitting order— |
| D |
is served on the Board under Part VIIIB of
| ry | the Commonwealth Family Law Act 1975. |
| ta | (2) This section also applies to— |
| n | |
| e | (a) a superannuation agreement which |
| m | provides for a payment split; or |
| ia | (b) a flag lifting agreement which provides |
| rl | for a payment split; or |
| a | (c) a splitting order— |
| P | |
| d | which was served on the Board under Part |
| n | VIIIB of the Commonwealth Family Law |
| a | Act 1975 before the commencement of |
| n | section 5 of the Superannuation Acts |
| o | (Family Law) Act 2003 if the non-member |
| ti | spouse's entitlements in respect of the |
| la | superannuation interest have not been |
| is | satisfied as at that commencement. |
| g | (3) If the non-member spouse has not satisfied a |
| e | relevant condition of release and the member |
| L | spouse is not receiving a pension under this |
| n | Act, the Board must if the value of the non- |
| a | |
| ri | member spouse's entitlement in respect of |
| the superannuation interest at the particular | |
| to | time does not exceed the value of the |
| ic | member spouse's interest in the Scheme— |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
(a)
transfer a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the
| ts | superannuation interest at the time of |
| n | the payment to an eligible |
| e | superannuation plan nominated in |
| m | writing by the non-member spouse |
| u | within the specified period; or |
| c | |
| o | (b) if the non-member spouse fails to |
| D | nominate in writing an eligible |
| ry | superannuation plan within the |
| specified period, transfer a lump sum | |
| ta | amount equal to the value of the non- |
| n | member spouse's entitlement in respect |
| e | of the superannuation interest at the |
| m | time of the payment to an eligible |
| ia | rollover fund selected by the Board. |
| rl | (4) If the non-member spouse has satisfied a |
| a | relevant condition of release or the member |
| P | spouse is receiving a pension under this Act, |
| d | the Board must if the value of the non- |
| n | member spouse's entitlement in respect of |
| a | the superannuation interest at the particular |
| n | time does not exceed the value of the |
| o | |
| ti | member spouse's interest in the Scheme— |
| la | (a) | if so requested in writing by the non- |
| is | member spouse within the specified | |
| period, pay the non-member spouse a | ||
| g | ||
| e | lump sum amount equal to the value of | |
| L | the non-member spouse's entitlement in respect of the superannuation interest at | |
| n | ||
| a | ||
| ri | ||
| the time of the payment; or |
(b) if so requested in writing by the non-
| to | member spouse within the specified |
| ic | period, transfer a lump sum amount |
| V | equal to the value of the non-member spouse's entitlement in respect of the |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
superannuation interest at the time of
the payment to an eligiblesuperannuation plan nominated in
| ts | writing by the non-member spouse; or |
| n | |
| e | (c) if no request is received from the non- |
| m | member spouse within the specified |
| u | period, transfer a lump sum amount |
| c | equal to the value of the non-member |
| o | spouse's entitlement in respect of the |
| D | superannuation interest at the time of |
| ry | the payment to an eligible rollover fund |
| selected by the Board. | |
| ta | (5) Sub-sections (3) and (4) do not apply if— |
| n |
| e | (a) | the member spouse's superannuation |
| m | interest is an unsplittable interest; or |
| ia | (b) a payment flag is operating in respect |
| rl | of the member spouse's superannuation |
| a | interest; or |
| P |
(c) the non-member spouse has served a
d
| n | waiver notice on the Board under |
| a | section 90MZA of the Commonwealth Family Law Act 1975 in respect of the |
| n | |
| o | member spouse's superannuation |
| ti | interest; or |
| la | (d) the member spouse's superannuation |
| is | interest is a payment that is not a |
| g | splittable payment under Part 2 of the |
| e | Commonwealth Family Law |
| L | (Superannuation) Regulations 2001. |
| n | (6) If the member spouse's superannuation |
| a | |
| ri | interest is a pension under this Act due to a disability which is a splittable payment, the |
| to | Board may determine that sub-sections (3) |
| ic | and (4) do not apply. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
(7) If the non-member spouse serves a waiver
notice on the Board under section 90MZA of the Commonwealth Family Law Act 1975 in
| ts | respect of the member spouse's |
| n | superannuation interest, the Board may make |
| e | a payment to the non-member spouse not |
| m | exceeding the value at a particular time of |
| u | the non-member spouse's entitlement in |
| c | |
| o | respect of the superannuation interest less any payments previously made by the Board |
| D | to the non-member spouse in accordance |
| ry | with this section. |
| ta | 22G. Reduction of benefit or accrued benefit |
| n | entitlement |
| e | |
| Despite anything to the contrary in this Act, | |
| m | |
| ia | if under section 22F an amount is paid by the |
| rl | Board to a non-member spouse or transferred by the Board on behalf of a non-member |
| a | spouse, the accrued benefit of a member |
| P | spouse must be reduced by the Board in |
| d | accordance with a methodology approved by |
| n | the Minister, on the advice of an actuary |
| a | appointed by the Board. |
| n | |
| o | 22H. Board may provide additional |
| ti | information |
| la | On the application of an eligible person |
| is | within the meaning of section 90MZB(8) of |
| g | the Commonwealth Family Law Act 1975, |
| e | the Board may provide information |
| L | additional to the information required to be |
| n | provided under section 90MZB of that Act if |
| a | |
| ri | the Board considers that the additional |
| information is necessary to understand the | |
| to | Scheme or the member spouse's benefit |
| ic | entitlements. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 5
22I. Charging of fees
(1) The Board may charge reasonable fees in
| ts | respect of— |
| n | (a) a payment split; |
| e | |
| (b) a payment flag; | |
| m | |
| u | (c) flag lifting under a flag lifting |
| c | agreement that does not provide for a |
| o | payment split; |
| D |
(d) an order under section 90MM of the
| ry | Commonwealth Family Law Act 1975 |
| ta | terminating the operation of a payment |
| n | flag; |
| e | (e) an application under section 90MZB of |
| m | the Commonwealth Family Law Act |
| ia | 1975 for information about a |
| rl | superannuation interest; |
| a | (f) any other thing done by the Board in relation to a superannuation interest |
| P | |
| d | covered by a superannuation |
| n | |
| a | agreement, flag lifting agreement or splitting order; |
| n | |
| o | (g) the provision of information under |
| ti | section 22H. |
| la | (2) Fees charged under sub-section (1) must not |
| is | exceed the maximum levels of fees fixed by |
| g | the Minister for the purposes of this section |
| e | by notice published in the Government |
| L | Gazette. |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 6
(3) If the Board charges a fee under sub- section (1), the fee is payable—
| ts | (a) | unless paragraph (b) applies, in the case |
| n | of sub-section (1)(a), (1)(b), (1)(c), | |
| e | (1)(d) or (1)(f), by the member spouse | |
| m | and the non-member spouse in equal | |
| u | parts; or |
| c | (b) if the fee is in respect of a payment split |
| o | under which the non-member spouse is |
| D | entitled to be paid the whole of the |
| ry | amount of each splittable payment that |
| ta | becomes payable, by the non-member spouse; or |
| n |
| e | (c) | in the case of sub-section (1)(e) or |
| m | (1)(g), by the person who made the | |
| ia | application.'. |
| rl | 6. Section 26 substituted |
| a | |
| P | For section 26 of the Emergency Services Superannuation Act 1986 substitute— |
| d | |
| n | "26. Assignment or charging of interest |
| a | |
| (1) Subject to sub-section (2), an interest of a | |
| n | member or beneficiary in a benefit under this |
| o | |
| ti | Act— |
| la | (a) must not be in any way assigned, |
| is | charged, attached or passed by |
| g | operation of law to any other person; |
| e | and |
| L | (b) is not an asset for the payment of any |
| n | debt or liability. |
| a | |
| ri | (2) Sub-section (1) does not apply to or in |
| to | respect of any assignment, charge, payment |
| or transfer permitted expressly or by | |
| ic | necessary implication by this Act.". |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 2—Emergency Services Superannuation Act 1986
s. 7
7. Specified standards
(1) In section 29A(1)(a) of the Emergency Services
| ts | Superannuation Act 1986 after "contributions" |
| n | insert "and benefits". |
| e | (2) After section 29A(1)(c) of the Emergency |
| m | Services Superannuation Act 1986 insert— |
| u | |
| c | "(ca) specify processes and requirements in |
| o | respect of the administration and operation |
| D | of Part 4A; and |
| ry | (cb) specify the benefits and entitlements of non- |
| ta | members spouses under Part 4A; and". |
| n | (3) After section 29A(2) of the Emergency Services |
| e | Superannuation Act 1986 insert— |
| m | "(3) Any Order in Council made before the |
| ia | enactment of the Superannuation Acts |
| rl | (Family Law) Act 2003 has force and effect |
| a | as if it had been made under this section as |
| P | amended by section 7(1) of that Act.". |
| d | __________________ |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 3—Government Superannuation Act 1999
s. 8
PART 3—GOVERNMENT SUPERANNUATION ACT 1999
| ts | 8. Family Law provisions |
| n | See: |
| e | Act No. |
(1) After section 6(1)(d) of the Government
| 8/1999. | Superannuation Act 1999 insert— | |
| m | Reprint No. 1 | |
| u | as at | "(da) ensure that the provisions of Part VIIIB of |
| c | 10 May 2001. LawToday: | the Commonwealth Family Law Act 1975 |
| o | and regulations made under that Act for the | |
| D | dpc.vic. | |
| gov.au | purposes of that Part are complied with.". |
| ry | (2) After section 6(7) of the Government |
| ta | Superannuation Act 1999 insert— |
| n | "(7A) If any provision of Part VIIIB of the |
| e | Commonwealth Family Law Act 1975 or of |
| m | any regulations made under that Act for the |
| ia | purposes of that Part is inconsistent with this |
| rl | Act, any regulations under this Act or the |
| a | governing instrument of an administered |
| P | scheme, the Office is to be taken to have |
| d | complied with this Act, the regulations or the |
| n | governing instrument of the administered |
| a | scheme if the Office has complied with the |
| n | provision of Part VIIIB of the |
| o | Commonwealth Family Law Act 1975 or of |
| ti | any regulations made under that Act for the |
| la | purposes of that Part.". |
| is | 9. MTA Superannuation Fund |
| g | |
| e | (1) After section 42(1) of the Government |
| L | Superannuation Act 1999 insert— |
| n | "(1A) The provisions of Part 7A of the Transport |
| a | |
| ri | Superannuation Act 1988, with such |
| modifications as are necessary to make those | |
| to | provisions consistent with the governing |
| ic | instrument of the MTA Superannuation |
| V | Fund, are deemed to form part of the |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 3—Government Superannuation Act 1999
s. 9
governing instrument of the MTA
Superannuation Fund.".
| ts | (2) After section 42(8)(c) of the Government |
| n | Superannuation Act 1999 insert— |
| e | "; and |
| m | (d) Part 7A of the Transport Superannuation |
| u | |
| c | Act 1988.". |
| o | __________________ |
| D | |
| ry | |
| ta | |
| n | |
| e | |
| m | |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
PART 4—PARLIAMENTARY SALARIES AND
SUPERANNUATION ACT 1968
ts
| n | 10. New Division 3A inserted in Part II |
| e | See: | In Part II of the Parliamentary Salaries and |
| Act No. | ||
| m | 7723/1968. | Superannuation Act 1968, after Division 3 |
| u | Reprint No. 7 | insert— |
| c | as at | |
| o | 31 May 2000 |
| and | 'Division 3A—Family Law Provisions |
| D | amending Act Nos |
| ry | 29/2000, | 21CA. Definitions |
| 74/2000, | ||
| ta | 27/2001, | (1) In this Division— |
| 72/2001 and | ||
| n | 3/2003. | "approved deposit fund" has the meaning |
| e | LawToday: |
| given by section 10(1) of the | ||
| m | dpc.vic. | Commonwealth Superannuation |
| ia | gov.au | |
| Industry (Supervision) Act 1993; | ||
| rl | ||
| a | "eligible rollover fund" means a fund | |
| P | within the meaning of section 242 of the Commonwealth Superannuation | |
| d | Industry (Supervision) Act 1993; | |
| n | ||
| a | "eligible superannuation plan" means— | |
| n | (a) a regulated superannuation fund; | |
| o | ||
| ti | or | |
| la | (b) an approved deposit fund; or | |
| is | (c) an exempt public sector | |
| g | superannuation scheme; or | |
| e | ||
| L | (d) an RSA; | |
| n | "exempt public sector superannuation | |
| a | scheme" means a public sector | |
| ri | superannuation scheme within the | |
| to | meaning of section 10(1) of the | |
| ic | Commonwealth Superannuation | |
| V | Industry (Supervision) Act 1993; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
"flag lifting agreement" has the meaning given by section 90MN of the
| ts | Commonwealth Family Law Act 1975; |
| n | "flagging order" means an order mentioned |
| e | in section 90MU(1) of the |
| m | Commonwealth Family Law Act 1975; |
| u | "interest" has the meaning given by section |
| c | 90MD of the Commonwealth Family |
| o | Law Act 1975; |
| D |
"member spouse", in relation to a
| ry | superannuation interest, means the |
| ta | spouse who has the superannuation |
| n | interest; |
| e | "non-member spouse", in relation to a |
| m | superannuation interest, means the |
| ia | spouse who is not the member spouse |
| rl | in relation to that interest; |
| a | |
| P | "payment flag" has the meaning given by section 90MD of the Commonwealth |
| d | |
| n | Family Law Act 1975; |
| a | "regulated superannuation fund" means a |
| n | superannuation fund which complies |
| o | with section 19 of the Commonwealth |
| ti | Superannuation Industry (Supervision) |
| la | Act 1993; |
| is | "relevant condition of release" means, a |
| g | condition of release mentioned in item |
| e | 101, 102, 103 or 106 of Schedule 1 to |
| L | the Commonwealth Superannuation |
| n | Industry (Supervision) Regulations |
| a | |
| ri | 1994; |
| to | "reversionary interest" has the meaning |
| ic | given by section 90MF of the |
| Commonwealth Family Law Act 1975; | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
"RSA" means a retirement savings account
within the meaning of the
Commonwealth Retirement Savings
| ts | Accounts Act 1997; |
| n | |
| e | "specified period" means the period which |
| m | is specified to be the specified period in |
| u | the specified standards; |
| c | "splitting order" means an order mentioned |
| o | in section 90MT of the Commonwealth |
| D | Family Law Act 1975; |
| ry | "superannuation agreement" has the |
| ta | meaning given by section 90MH of the |
| n | Commonwealth Family Law Act 1975; |
| e | "superannuation fund" has the same |
| m | meaning as in the Commonwealth |
| ia | Superannuation Industry (Supervision) |
| rl | Act 1993; |
| a | |
| P | "superannuation interest" means an interest that a person has as a member |
| d | |
| n | of an eligible superannuation plan, but |
| a | does not include a reversionary interest; |
| n | "unsplittable interest" has the meaning |
| o | given by section 90MD of the |
| ti | Commonwealth Family Law Act 1975; |
| la | "value at a particular time of the non- |
| is | member spouse's entitlement in |
| g | respect of the superannuation |
| e | interest" means the value as |
| L | determined in accordance with |
| n | regulation 14G(8) of the |
| a | |
| ri | Commonwealth Family Law |
| to | (Superannuation) Regulations 2001; |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
"value of the member spouse's interest in
the Fund" means the value as
determined in accordance with Part 5 of
| ts | the Commonwealth Family Law |
| n | (Superannuation) Regulations 2001. |
| e |
(2) A reference to the transfer of an amount is to
m
| u | be construed as including a reference to the |
| c | rollover of an amount. |
| o | 21CB. Accrued benefit multiple |
| D |
For the purpose of regulation 65 of the
| ry | Commonwealth Family Law |
| ta | (Superannuation) Regulations 2001, the |
| n | Parliamentary Trustee on the advice of an |
| e | actuary appointed by the Parliamentary |
| m | Trustee may from time to time determine the |
| ia | accrued benefit multiple. |
| rl | 21CC. Obligation on Parliamentary Trustee |
| a | |
| P | (1) Subject to sub-sections (5) and (6), the Parliamentary Trustee must comply with this |
| d | |
| n | section if— |
| a | (a) | a superannuation agreement which |
| n | provides for a payment split; or | |
| o | ||
| ti | (b) | a flag lifting agreement which provides |
| la | for a payment split; or |
| is | (c) a splitting order— |
| g | is served on the Parliamentary Trustee under |
| e | Part VIIIB of the Commonwealth Family |
| L | Law Act 1975. |
| n | |
| a | |
| ri |
(2) This section also applies to—
(a) a superannuation agreement which
| to | provides for a payment split; or |
| ic | (b) a flag lifting agreement which provides |
| V | for a payment split; or |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
(c) a splitting order—
which was served on the Parliamentary
| ts | Trustee under Part VIIIB of the |
| n | Commonwealth Family Law Act 1975 |
| e | before the commencement of section 10 of |
| m | the Superannuation Acts (Family Law) |
| u | Act 2003 if the non-member spouse's |
| c | entitlements in respect of the superannuation |
| o | interest have not been satisfied as at that |
| D | commencement. |
| ry | (3) If the non-member spouse has not satisfied a |
| ta | relevant condition of release and the member |
| spouse is not receiving a pension under this | |
| n | |
| e | Act, the Parliamentary Trustee must if the value of the non-member spouse's |
| m | |
| ia | entitlement in respect of the superannuation |
| rl | interest at the particular time does not exceed |
| the value of the member spouse's interest in | |
| a | the Fund— |
| P |
(a) transfer a lump sum amount equal to
d
| n | the value of the non-member spouse's |
| a | entitlement in respect of the |
| n | superannuation interest at the time of |
| o | the payment to an eligible |
| ti | superannuation plan nominated in |
| la | writing by the non-member spouse |
| is | within the specified period; or |
| g | (b) if the non-member spouse fails to |
| e | nominate in writing an eligible |
| L | superannuation plan within the |
| n | specified period, transfer a lump sum |
| a | |
| ri | amount equal to the value of the non- |
| member spouse's entitlement in respect | |
| to | of the superannuation interest at the |
| ic | time of the payment to an eligible |
| V | rollover fund selected by the Parliamentary Trustee. |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
(4) If the non-member spouse has satisfied a
relevant condition of release or the member spouse is receiving a pension under this Act,
| ts | the Parliamentary Trustee must if the value |
| n | of the non-member spouse's entitlement in |
| e | respect of the superannuation interest at the |
| m | particular time does not exceed the value of |
| u | the member spouse's interest in the Fund— |
| c | |
| o | (a) if so requested in writing by the non- |
| D | member spouse within the specified |
| ry | period, pay the non-member spouse a |
| lump sum amount equal to the value of | |
| ta | the non-member spouse's entitlement in |
| n | respect of the superannuation interest at |
| e | the time of the payment; or |
| m | (b) if so requested in writing by the non- |
| ia | |
| rl | member spouse within the specified |
| period, transfer a lump sum amount | |
| a | equal to the value of the non-member |
| P | spouse's entitlement in respect of the |
| d | superannuation interest at the time of |
| n | the payment to an eligible |
| a | superannuation plan nominated in |
| n | writing by the non-member spouse; or |
| o | |
| ti | (c) if no request is received from the non- |
| la | member spouse within the specified |
| is | period, transfer a lump sum amount |
| equal to the value of the non-member | |
| g | |
| e | spouse's entitlement in respect of the |
| L | superannuation interest at the time of the payment to an eligible rollover fund |
| n | |
| a | |
| ri | |
| selected by the Parliamentary Trustee. |
(5) Sub-sections (3) and (4) do not apply if—
| to | (a) the member spouse's superannuation |
| ic | interest is an unsplittable interest; or |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
(b)
a payment flag is operating in respect of the member spouse's superannuation
| ts | interest; or |
| n | (c) the non-member spouse has served a |
| e | waiver notice on the Board under |
| m | section 90MZA of the Commonwealth |
| u | Family Law Act 1975 in respect of the |
| c | member spouse's superannuation |
| o | interest; or |
| D | (d) the member spouse's superannuation |
| ry | interest is a payment that is not a |
| ta | splittable payment under Part 2 of the |
| Commonwealth Family Law | |
| n | |
| e | (Superannuation) Regulations 2001. |
| m | (6) If the member spouse's superannuation |
| ia | interest is a pension under this Act due to a |
| rl | disability which is a splittable payment, the |
| a | Parliamentary Trustee may determine that |
| P | sub-sections (3) and (4) do not apply. |
| d | (7) If the non-member spouse serves a waiver |
| n | notice on the Parliamentary Trustee under |
| a | section 90MZA of the Commonwealth |
| n | Family Law Act 1975 in respect of the |
| o | |
| ti | member spouse's superannuation interest, the |
| Parliamentary Trustee may make a payment | |
| la | to the non-member spouse not exceeding the |
| is | value at a particular time of the non-member |
| g | spouse's entitlement in respect of the |
| e | superannuation interest less any payments |
| L | previously made by the Parliamentary |
| n | Trustee to the non-member spouse in |
| a | |
| ri | accordance with this section. |
| to | 21CD. Reduction of benefit |
| ic | Despite anything to the contrary in this Act, |
| if under section 21CC an amount is paid by | |
| V | the Parliamentary Trustee to a non-member |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
spouse or transferred by the Parliamentary Trustee on behalf of a non-member spouse, the benefit of a member spouse must be
| ts | reduced by the Parliamentary Trustee in |
| n | accordance with a methodology approved by |
| e | the Minister, on the advice of an actuary |
| m | appointed by the Parliamentary Trustee. |
| u | |
| c | 21CE. Parliamentary Trustee may provide |
| o | additional information |
| D | On the application of an eligible person |
| ry | within the meaning of section 90MZB(8) of |
| ta | the Commonwealth Family Law Act 1975, the Parliamentary Trustee may provide |
| n | |
| e | information additional to the information required to be provided under section |
| m | |
| ia | 90MZB of that Act if the Parliamentary |
| rl | Trustee considers that the additional |
| information is necessary to understand the | |
| a | Fund or the member spouse's benefit |
| P | entitlements. |
| d | |
| n | 21CF. Commutation rights not affected |
| a | The entitlement of a person to convert or |
| n | commute a benefit or pension under this Act |
| o | |
| ti | is not affected by the making of a payment or |
| transfer under this Division. | |
| la | 21CG. Charging of fees |
| is | |
| g | (1) The Parliamentary Trustee may charge |
| e | reasonable fees in respect of— |
| L | (a) a payment split; |
| n | |
| a | |
| ri | |
| (b) a payment flag; | |
| (c) flag lifting under a flag lifting | |
| to | agreement that does not provide for a |
| ic | payment split; |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 10
(d)
an order under section 90MM of the Commonwealth Family Law Act 1975 terminating the operation of a payment
| ts | flag; |
| n | |
| e | (e) an application under section 90MZB of |
| m | the Commonwealth Family Law Act |
| u | 1975 for information about a |
| c | superannuation interest; |
| o | (f) any other thing done by the |
| D | Parliamentary Trustee in relation to a |
| ry | superannuation interest covered by a |
| ta | superannuation agreement, flag lifting |
| agreement or splitting order; | |
| n |
| e | (g) | the provision of information under |
| m | section 21CE. |
| ia | (2) Fees charged under sub-section (1) must not |
| rl | exceed the maximum levels of fees fixed by |
| a | the Minister for the purposes of this section |
| P | by notice published in the Government |
| d | Gazette. |
| n | |
| a | (3) If the Parliamentary Trustee charges a fee under sub-section (1), the fee is payable— |
| n | |
| o | (a) unless paragraph (b) applies, in the case |
| ti | of sub-section (1)(a), (1)(b), (1)(c), |
| la | (1)(d) or (1)(f), by the member spouse |
| is | and the non-member spouse in equal |
| g | parts; and |
| e | (b) if the fee is in respect of a payment split |
| L | under which the non-member spouse is |
| n | entitled to be paid the whole of the |
| a | |
| ri | amount of each splittable payment that becomes payable, by the non-member |
| to | spouse; or |
| ic | (c) in the case of sub-section (1)(e) or |
| V | (1)(g), by the person who made the application.'. |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 4—Parliamentary Salaries and Superannuation Act 1968
s. 11
11. Specified standards
(1) In section 24C(1)(a) of the Parliamentary
| ts | Salaries and Superannuation Act 1968 after |
| n | "contributions" insert "and benefits". |
| e | (2) After section 24C(1)(c) of the Parliamentary |
| m | Salaries and Superannuation Act 1968 insert— |
| u | |
| c | "(ca) specify processes and requirements in |
| o | respect of the administration and operation |
| D | of Division 3A; and |
| ry | (cb) specify the benefits and entitlements of non- |
| ta | members spouses under Division 3A; and". |
| n | (3) After section 24C(2) of the Parliamentary |
| e | Salaries and Superannuation Act 1968 insert— |
| m | "(3) Any Order in Council made before the |
| ia | enactment of the Superannuation Acts |
| rl | (Family Law) Act 2003 has force and effect |
| a | as if it had been made under this section as |
| P | amended by section 11(1) of that Act.". |
| d | __________________ |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 12
PART 5—STATE EMPLOYEES RETIREMENT BENEFITS
ACT 1979
ts
| n | 12. Membership of scheme |
| e | See: | After section 2(5) of the State Employees |
| Act No. | ||
| m | 9363/1979. | Retirement Benefits Act 1979 insert— |
| u | Reprint No. 4 | |
| c | as at | "(5A) A person cannot become a member on or |
| o | 28 October |
| 1999 and | after the commencement of section 72 of the | |
| D | amending | Public Sector Superannuation |
| Act Nos | ||
| ry | 29/2000, | (Administration) Act 1993.". |
| 74/2000, | ||
| ta | 95/2000, | |
| 27/2001 and | ||
| n | 73/2001. | |
| e | LawToday: | |
| m | dpc.vic. | |
| ia | ||
| rl | ||
| gov.au |
13. Calculation of benefit
a
| P | After section 40(6) of the State Employees Retirement Benefits Act 1979 insert— |
| d | |
| n | "(7) For the purposes of sub-section (6), if a |
| a | payment or transfer to a non-member spouse |
| n | is made for the purposes of Part VIIIB of the |
| o | Commonwealth Family Law Act 1975 |
| ti | whether under Part IVA or otherwise, the |
| la | maximum accrued benefit of the member |
| is | spouse must be adjusted by the Board in |
| g | accordance with a methodology approved by |
| e | the Minister, on the advice of an actuary |
| L | appointed by the Board.". |
| n | 14. Minimum benefit |
| a | |
| ri | At the end of section 65 of the State Employees |
| to | Retirement Benefits Act 1979 insert— |
| ic | "(2) If a payment or transfer to a non-member |
| V | spouse is made for the purposes of Part VIIIB of the Commonwealth Family Law |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
Act 1975 whether under Part IVA or otherwise, the minimum benefit of the member spouse must be adjusted by the
| ts | Board in accordance with a methodology |
| n | approved by the Minister, on the advice of an |
| e | actuary appointed by the Board.". |
| m | |
| u | 15. New Part IVA inserted |
| c | After Part IV of the State Employees Retirement |
| o | Benefits Act 1979 insert— |
| D | |
| ry | 'PART IVA—FAMILY LAW PROVISIONS |
| ta | 66AA. Definitions |
| n | |
| e | (1) In this Part— |
| m | "approved deposit fund" has the meaning |
| ia | given by section 10(1) of the |
| rl | Commonwealth Superannuation |
| a | Industry (Supervision) Act 1993; |
| P | "eligible rollover fund" means a fund |
| d | within the meaning of section 242 of |
| n | the Commonwealth Superannuation |
| a | Industry (Supervision) Act 1993; |
| n | "eligible superannuation plan" means— |
| o | |
| ti | (a) a regulated superannuation fund; |
| la | or |
| is | (b) an approved deposit fund; or |
| g | |
| e | (c) an exempt public sector |
| L | superannuation scheme; or |
| n | (d) an RSA; |
| a | |
| ri | "exempt public sector superannuation |
| to | scheme" means a public sector superannuation scheme within the |
| ic | meaning of section 10(1) of the |
| V | Commonwealth Superannuation Industry (Supervision) Act 1993; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
"flag lifting agreement" has the meaning given by section 90MN of the
| ts | Commonwealth Family Law Act 1975; |
| n | "flagging order" means an order mentioned |
| e | in section 90MU(1) of the |
| m | Commonwealth Family Law Act 1975; |
| u | "interest" has the meaning given by section |
| c | 90MD of the Commonwealth Family |
| o | Law Act 1975; |
| D |
"member spouse", in relation to a
| ry | superannuation interest, means the |
| ta | spouse who has the superannuation |
| n | interest; |
| e | "non-member spouse", in relation to a |
| m | superannuation interest, means the |
| ia | spouse who is not the member spouse |
| rl | in relation to that interest; |
| a | |
| P | "payment flag" has the meaning given by section 90MD of the Commonwealth |
| d | |
| n | Family Law Act 1975; |
| a | "regulated superannuation fund" means a |
| n | superannuation fund which complies |
| o | with section 19 of the Commonwealth |
| ti | Superannuation Industry (Supervision) |
| la | Act 1993; |
| is | "relevant condition of release" means, a |
| g | condition of release mentioned in item |
| e | 101, 102, 103 or 106 of Schedule 1 to |
| L | the Commonwealth Superannuation |
| n | Industry (Supervision) Regulations |
| a | |
| ri | 1994; |
| to | "reversionary interest" has the meaning |
| ic | given by section 90MF of the |
| Commonwealth Family Law Act 1975; | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
"RSA" means a retirement savings account
within the meaning of the
Commonwealth Retirement Savings
| ts | Accounts Act 1997; |
| n | |
| e | "specified period" means the period which |
| m | is specified to be the specified period in |
| u | the specified standards; |
| c | "splitting order" means an order mentioned |
| o | in section 90MT of the Commonwealth |
| D | Family Law Act 1975; |
| ry | "superannuation agreement" has the |
| ta | meaning given by section 90MH of the |
| n | Commonwealth Family Law Act 1975; |
| e | "superannuation fund" has the same |
| m | meaning as in the Commonwealth |
| ia | Superannuation Industry (Supervision) |
| rl | Act 1993; |
| a | |
| P | "superannuation interest" means an interest that a person has as a member |
| d | |
| n | of an eligible superannuation plan, but |
| a | does not include a reversionary interest; |
| n | "unsplittable interest" has the meaning |
| o | given by section 90MD of the |
| ti | Commonwealth Family Law Act 1975; |
| la | "value at a particular time of the non- |
| is | member spouse's entitlement in |
| g | respect of the superannuation |
| e | interest" means the value as |
| L | determined in accordance with |
| n | regulation 14G(8) of the |
| a | |
| ri | Commonwealth Family Law |
| to | (Superannuation) Regulations 2001; |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
"value of the member spouse's interest in
the Fund" means the value as
determined in accordance with Part 5 of
| ts | the Commonwealth Family Law |
| n | (Superannuation) Regulations 2001. |
| e |
(2) A reference to the transfer of an amount is to
m
| u | be construed as including a reference to the |
| c | rollover of an amount. |
| o | 66AB. Accrued benefit multiple |
| D |
For the purpose of regulation 65 of the
| ry | Commonwealth Family Law |
| ta | (Superannuation) Regulations 2001, the |
| n | Board on the advice of an actuary appointed |
| e | by the Board may from time to time |
| m | determine the accrued benefit multiple. |
| ia | 66AC. Obligation on Board |
| rl | |
| a | (1) Subject to sub-sections (5) and (6), the Board |
| P | must comply with this section if— |
| d | (a) a superannuation agreement which |
| n | provides for a payment split; or |
| a |
(b) a flag lifting agreement which provides
| n | for a payment split; or |
| o | |
| ti | (c) a splitting order— |
| la | is served on the Board under Part VIIIB of |
| is | the Commonwealth Family Law Act 1975. |
| g | |
| e | (2) This section also applies to— |
| L | (a) a superannuation agreement which |
| n | provides for a payment split; or |
| a |
| ri | (b) | a flag lifting agreement which provides |
| to | for a payment split; or | |
| ic | ||
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
(c) a splitting order—
which was served on the Board under Part
| ts | VIIIB of the Commonwealth Family Law |
| n | Act 1975 before the commencement of |
| e | section 15 of the Superannuation Acts |
| m | (Family Law) Act 2003 if the non-member |
| u | spouse's entitlements in respect of the |
| c | superannuation interest have not been |
| o | satisfied as at that commencement. |
| D | (3) If the non-member spouse has not satisfied a |
| ry | relevant condition of release and the member |
| ta | spouse is not receiving a pension under this |
| Act, the Board must if the value of the non- | |
| n | |
| e | member spouse's entitlement in respect of the superannuation interest at the particular |
| m | |
| ia | time does not exceed the value of the |
| rl | member spouse's interest in the Fund— |
| a | (a) transfer a lump sum amount equal to |
| P | the value of the non-member spouse's |
| d | entitlement in respect of the |
| n | superannuation interest at the time of |
| a | the payment to an eligible |
| n | superannuation plan nominated in |
| o | writing by the non-member spouse |
| ti | within the specified period; or |
| la | (b) if the non-member spouse fails to |
| is | nominate in writing an eligible |
| g | superannuation plan within the |
| e | specified period, transfer a lump sum |
| L | amount equal to the value of the non- |
| n | member spouse's entitlement in respect |
| a | |
| ri | of the superannuation interest at the |
| time of the payment to an eligible | |
| to | rollover fund selected by the Board. |
| ic | (4) If the non-member spouse has satisfied a |
| V | relevant condition of release or the member spouse is receiving a pension under this Act, |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
the Board must if the value of the non-
member spouse's entitlement in respect ofthe superannuation interest at the particular
| ts | time does not exceed the value of the |
| n | member spouse's interest in the Fund— |
| e |
(a) if so requested in writing by the non-
m
| u | member spouse within the specified |
| c | period, pay the non-member spouse a |
| o | lump sum amount equal to the value of |
| D | the non-member spouse's entitlement in |
| ry | respect of the superannuation interest at the time of the payment; or |
| ta | (b) if so requested in writing by the non- |
| n | |
| e | member spouse within the specified period, transfer a lump sum amount |
| m | |
| ia | equal to the value of the non-member |
| rl | spouse's entitlement in respect of the superannuation interest at the time of |
| a | the payment to an eligible |
| P | superannuation plan nominated in |
| d | writing by the non-member spouse; or |
| n | |
| a | (c) if no request is received from the non- |
| n | member spouse within the specified |
| o | period, transfer a lump sum amount |
| ti | equal to the value of the non-member |
| la | spouse's entitlement in respect of the |
| is | superannuation interest at the time of |
| the payment to an eligible rollover fund | |
| g | |
| e | selected by the Board. |
| L | (5) Sub-sections (3) and (4) do not apply if— |
| n | (a) the member spouse's superannuation |
| a | |
| ri | interest is an unsplittable interest; or |
| to | (b) | a payment flag is operating in respect |
| ic | of the member spouse's superannuation | |
| interest; or | ||
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
(c)
the non-member spouse has served a waiver notice on the Board under section 90MZA of the Commonwealth
| ts | Family Law Act 1975 in respect of the |
| n | member spouse's superannuation |
| e | interest; or |
| m | |
| u | (d) the member spouse's superannuation |
| c | interest is a payment that is not a |
| o | splittable payment under Part 2 of the |
| D | Commonwealth Family Law |
| ry | (Superannuation) Regulations 2001. |
| ta | (6) If the member spouse's superannuation |
interest is a pension under this Act due to a
n
| e | disability which is a splittable payment, the Board may determine that sub-sections (3) |
| m | and (4) do not apply. |
| ia | |
| rl | (7) If the non-member spouse serves a waiver |
| a | notice on the Board under section 90MZA of |
| P | the Commonwealth Family Law Act 1975 in |
| d | respect of the member spouse's |
| n | superannuation interest, the Board may make |
| a | a payment to the non-member spouse not |
| n | exceeding the value at a particular time of |
| o | the non-member spouse's entitlement in |
| ti | respect of the superannuation interest less |
| la | any payments previously made by the Board |
| is | to the non-member spouse in accordance |
| with this section. | |
| g | |
| e | 66AD. Reduction of benefit or accrued benefit |
| L | entitlement |
| n | |
| a | Despite anything to the contrary in this Act, |
| ri | if under section 66AC an amount is paid by |
| to | the Board to a non-member spouse or transferred by the Board on behalf of a non- |
| ic | member spouse, the benefit or accrued |
| V | benefit entitlement of a member spouse must be reduced by the Board in accordance with |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
a methodology approved by the Minister, on
the advice of an actuary appointed by the
| ts | Board. |
| n | 66AE. Board may provide additional |
| e | information |
| m | On the application of an eligible person |
| u | within the meaning of section 90MZB(8) of |
| c | the Commonwealth Family Law Act 1975, |
| o | the Board may provide information |
| D | additional to the information required to be |
| ry | provided under section 90MZB of that Act if |
| ta | the Board considers that the additional |
| information is necessary to understand the | |
| n | |
| e | Fund or the member spouse's benefit entitlements. |
| m | |
| ia | 66AF. Commutation rights not affected |
| rl | The entitlement of a person to convert or |
| a | commute a benefit or pension under this Act |
| P | is not affected by the making of a payment or |
| d | transfer under this Part. |
| n | |
| a | 66AG. Charging of fees |
| n | (1) The Board may charge reasonable fees in |
| o | |
| ti | respect of— |
| la | (a) a payment split; |
| is | (b) a payment flag; |
| g | (c) flag lifting under a flag lifting |
| e | agreement that does not provide for a |
| L | payment split; |
| n | |
| a | (d) an order under section 90MM of the |
| ri | Commonwealth Family Law Act 1975 |
| to | terminating the operation of a payment |
| ic | flag; |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 15
(e)
(f) any other thing done by the Board inan application under section 90MZB of 1975 for information about a
| ts | superannuation interest; |
| n | |
| e | |
| m | relation to a superannuation interest |
| u | covered by a superannuation |
| c | agreement, flag lifting agreement or |
| o | splitting order; |
| D | (g) the provision of information under |
| ry | section 66AE. |
| ta | (2) Fees charged under sub-section (1) must not |
| n | exceed the maximum levels of fees fixed by |
| e | the Minister for the purposes of this section |
| m | by notice published in the Government |
| ia | Gazette. |
| rl | (3) If the Board charges a fee under sub-section |
| a | (1), the fee is payable— |
| P |
(a) unless paragraph (b) applies, in the case
d
| n | of sub-section (1)(a), (1)(b), (1)(c), |
| a | (1)(d) or (1)(f), by the member spouse and the non-member spouse in equal |
| n | parts; or |
| o | |
| ti | (b) if the fee is in respect of a payment split |
| la | under which the non-member spouse is |
| is | entitled to be paid the whole of the |
| g | amount of each splittable payment that |
| e | becomes payable, by the non-member |
| L | spouse; or |
| n | (c) in the case of sub-section (1)(e) or |
| a | |
| ri | (1)(g), by the person who made the |
| to | application.'. |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 16
16. Section 70A substituted
For section 70A of the State Employees
| ts | Retirement Benefits Act 1979 substitute— |
| n | "70A. Assignment or charging of interest |
| e |
(1) Subject to sub-section (2), an interest of a
m
| u | member or beneficiary in a benefit under this |
| c | Act— |
| o | (a) must not be in any way assigned, |
| D | charged, attached or passed by |
| ry | operation of law to any other person; |
| ta | and |
| n | (b) is not an asset for the payment of any |
| e | debt or liability. |
| m | (2) Sub-section (1) does not apply to or in |
| ia | respect of any assignment, charge, payment |
| rl | or transfer permitted expressly or by |
| a | necessary implication by this Act.". |
| P |
17. Specified standards
d
| n | (1) In section 73(1)(a) of the State Employees |
| a | Retirement Benefits Act 1979 after |
| n | "contributions" insert "and benefits". |
| o | |
| ti | (2) After section 73(1)(c) of the State Employees |
| la | Retirement Benefits Act 1979 insert— |
| is | "(ca) specify processes and requirements in |
| g | respect of the administration and operation |
| e | of Part IVA; and |
| L | (cb) specify the benefits and entitlements of non- |
| n | members spouses under Part IVA; and". |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 5—State Employees Retirement Benefits Act 1979
s. 17
(3) After section 73(2) of the State Employees Retirement Benefits Act 1979 insert—
| ts | "(3) Any Order in Council made before the |
| n | enactment of the Superannuation Acts |
| e | (Family Law) Act 2003 has force and effect |
| m | as if it had been made under this section as |
| u | amended by section 17(1) of that Act.". |
| c | __________________ |
| o | |
| D | |
| ry | |
| ta | |
| n | |
| e | |
| m | |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 18
PART 6—STATE SUPERANNUATION ACT 1988
| ts | 18. Definition of "secondment" |
| n | See: | In section 3(1) of the State Superannuation Act |
| e | Act No. | |
| 50/1988. | 1988, in the definition of "secondment", for | |
| m | Reprint No. 4 | "section 51(3) or 90(3)" substitute "section 90A". |
| u | as at | |
| c | 1 July 1999 | |
| and | ||
| o | amending | |
| D | Act Nos | |
| 29/2000, | ||
| ry | 95/2000, | |
| 27/2001 and | ||
| ta | 73/2001. | |
| LawToday: | ||
| n | ||
| dpc.vic. | ||
| e | gov.au | |
| m |
| ia | 19. What does "partially dependent" mean? |
| rl | After section 3(1) of the State Superannuation |
| a | Act 1988 insert— |
| P | '(1A) For the purpose of the definition of |
| d | "dependant" in section 3(1), a person was |
| n | partially dependent on a deceased person if |
| a | the person benefited from a financial |
| n | contribution which was not trivial in nature |
| o | |
| ti | and was to some extent necessary to sustain |
| la | the basics of life.'. |
| is | 20. Amendment of section 16A |
| g | (1) In section 16A(6) of the State Superannuation |
| e | Act 1988, in the definition of "relevant Act", after |
| L | "1982" insert ", Magistrates' Court Act 1989". |
| n | |
| a | (2) After section 16A(6) of the State |
| ri | Superannuation Act 1988 insert— |
| to | "(7) Part 7A does not apply in respect of the |
| ic | account.". |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 21
21. Original scheme members
At the end of section 27 of the State
| ts | Superannuation Act 1988 insert— |
| n | "(2) Notwithstanding anything to the contrary in |
| e | the Superannuation Act 1958, the payment |
| m | of any benefit under that Act is subject to |
| u | any relevant specified standards made under |
| c | section 92A.". |
| o | |
| D | 22. New section 27A inserted |
| ry | After section 27 of the State Superannuation Act |
| ta | 1988 insert— |
| n | "27A. Application of Family Law provisions to |
| e | pensioners |
| m | (1) The Superannuation Act 1958 as in force |
| ia | immediately before its repeal continues to |
| rl | apply in respect of a person who became |
| a | entitled to receive a pension under that Act |
| P | subject to this section. |
| d | (2) For the purposes of this section— |
| n |
| a | (a) | the provisions of Part 7A, with such |
| n | modifications as are necessary to make | |
| o | those provisions consistent with the | |
| ti | Superannuation Act 1958 as in force | |
| la | immediately before its repeal, are | |
| is | deemed to form part of the | |
| g | Superannuation Act 1958; and |
| e | (b) the Superannuation Act 1958 as in |
| L | force immediately before its repeal is to |
| n | be read and construed subject to— |
| a |
| ri | (i) | the provisions referred to in |
| to | paragraph (a); and | |
| ic | (ii) | any relevant specified standards |
| V | made under section 92A(1)(ca) or 92A(1)(cb).". |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 23
23. Benefit on retirement of new scheme member
After section 52(3) of the State Superannuation
| ts | Act 1988 insert— |
| n | "(4) If a payment or transfer to a non-member |
| e | spouse is made for the purposes of |
| m | Part VIIIB of the Commonwealth Family |
| u | Law Act 1975 whether under Part 7A or |
| c | otherwise, the maximum accrued retirement |
| o | benefit of the member spouse must be |
| D | adjusted by the Board in accordance with a |
| ry | methodology approved by the Minister, on |
| ta | the advice of an actuary appointed by the |
| Board.". | |
| n | |
| e | 24. New Part 7A inserted |
| m | After Part 7 of the State Superannuation Act |
| ia | |
| rl | 1988 insert— |
| a | 'PART 7A—FAMILY LAW PROVISIONS |
| P |
59AA. Definitions
d
| n | (1) In this Part— |
| a | |
| n | "approved deposit fund" has the meaning |
| o | given by section 10(1) of the |
| ti | Commonwealth Superannuation |
| la | Industry (Supervision) Act 1993; |
| is | "eligible rollover fund" means a fund |
| g | within the meaning of section 242 of |
| e | the Commonwealth Superannuation |
| L | Industry (Supervision) Act 1993; |
| n | "eligible superannuation plan" means— |
| a | |
| ri | (a) a regulated superannuation fund; |
| to | or |
| ic | (b) an approved deposit fund; or |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
(c) an exempt public sector
superannuation scheme; or
| ts | (d) an RSA; |
| n | "exempt public sector superannuation |
| e | scheme" means a public sector |
| m | superannuation scheme within the |
| u | meaning of section 10(1) of the |
| c | Commonwealth Superannuation |
| o | Industry (Supervision) Act 1993; |
| D |
"flag lifting agreement" has the meaning
| ry | given by section 90MN of the |
| ta | Commonwealth Family Law Act 1975; |
| n | "flagging order" means an order mentioned |
| e | in section 90MU(1) of the |
| m | Commonwealth Family Law Act 1975; |
| ia | |
| rl | "interest" has the meaning given by section |
| a | 90MD of the Commonwealth Family |
| P | Law Act 1975; |
| d | "member spouse", in relation to a |
| n | superannuation interest, means the |
| a | spouse who has the superannuation |
| n | interest; |
| o | |
| ti | "non-member spouse", in relation to a |
| la | superannuation interest, means the |
| spouse who is not the member spouse | |
| is | in relation to that interest; |
| g | |
| e | "payment flag" has the meaning given by |
| L | section 90MD of the Commonwealth |
| n | Family Law Act 1975; |
| a | |
| ri | "regulated superannuation fund" means a |
superannuation fund which complies
| to | with section 19 of the Commonwealth |
| ic | Superannuation Industry (Supervision) |
| V | Act 1993; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
"relevant condition of release" means, a
condition of release mentioned in
item 101, 102, 103 or 106 of
| ts | Schedule 1 to the Commonwealth |
| n | Superannuation Industry (Supervision) |
| e | Regulations 1994; |
| m | |
| u | "reversionary interest" has the meaning |
| c | given by section 90MF of the |
| o | Commonwealth Family Law Act 1975; |
| D | "RSA" means a retirement savings account |
| ry | within the meaning of the |
| ta | Commonwealth Retirement Savings |
| Accounts Act 1997; | |
| n | |
| e | "specified period" means the period which |
| m | is specified to be the specified period in |
| ia | the specified standards; |
| rl | "splitting order" means an order mentioned |
| a | in section 90MT of the Commonwealth |
| P | Family Law Act 1975; |
| d | |
| n | "superannuation agreement" has the |
| a | meaning given by section 90MH of the Commonwealth Family Law Act 1975; |
| n | |
| o | "superannuation fund" has the same |
| ti | meaning as in the Commonwealth |
| la | Superannuation Industry (Supervision) |
| is | Act 1993; |
| g | "superannuation interest" means an |
| e | interest that a person has as a member |
| L | of an eligible superannuation plan, but |
| n | does not include a reversionary interest; |
| a | |
| ri | "unsplittable interest" has the meaning |
| to | given by section 90MD of the |
| ic | Commonwealth Family Law Act 1975; |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
"value at a particular time of the non-
member spouse's entitlement in
respect of the superannuation
| ts | interest" means the value as |
| n | determined in accordance with |
| e | regulation 14G(8) of the |
| m | Commonwealth Family Law |
| u | (Superannuation) Regulations 2001; |
| c | |
| o | "value of the member spouse's interest in |
| D | the Fund" means the value as |
| ry | determined in accordance with Part 5 of |
| the Commonwealth Family Law | |
| ta | (Superannuation) Regulations 2001. |
| n | (2) A reference to the transfer of an amount is to be construed as including a reference to the |
| e | |
| m | rollover of an amount. |
| ia | |
| rl | 59AB. Accrued benefit multiple |
| a | For the purpose of regulation 65 of the |
| P | Commonwealth Family Law |
| d | (Superannuation) Regulations 2001, the |
| n | Board on the advice of an actuary appointed |
| a | by the Board may from time to time |
| n | determine the accrued benefit multiple. |
| o | |
| ti | 59AC. Obligation on Board |
| la | (1) Subject to sub-sections (5) and (6), the Board |
| is | must comply with this section if— |
| g | (a) a superannuation agreement which |
| e | |
| L | provides for a payment split; or |
(b) a flag lifting agreement which provides
n
for a payment split; or
a
ri
(c) a splitting order—
| to | is served on the Board under Part VIIIB of |
| ic | the Commonwealth Family Law Act 1975. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
(2) This section also applies to—
(a) a superannuation agreement which
| ts | provides for a payment split; or |
| n | (b) a flag lifting agreement which provides |
| e | for a payment split; or |
| m | (c) a splitting order— |
| u | |
| c | which was served on the Board under |
| o | Part VIIIB of the Commonwealth Family |
| D | Law Act 1975 before the commencement of |
| ry | section 24 of the Superannuation Acts |
| ta | spouse's entitlements in respect of the |
| (Family Law) Act 2003 if the non-member | |
| n | superannuation interest have not been |
| e | satisfied as at that commencement. |
| m | |
| ia | (3) If the non-member spouse has not satisfied a |
| rl | relevant condition of release and the member |
| a | spouse is not receiving a pension under this |
| P | Act, the Board must if the value of the non- member spouse's entitlement in respect of |
| d | |
| n | the superannuation interest at the particular |
| a | time does not exceed the value of the member spouse's interest in the Fund— |
| n | |
| o | (a) transfer a lump sum amount equal to |
| ti | the value of the non-member spouse's |
| la | entitlement in respect of the |
| is | superannuation interest at the time of |
| g | the payment to an eligible |
| e | superannuation plan nominated in |
| L | writing by the non-member spouse |
| n | within the specified period; or |
| a |
| ri | (b) | if the non-member spouse fails to nominate in writing an eligible |
| to | superannuation plan within the | |
| ic | specified period, transfer a lump sum | |
| V | amount equal to the value of the non- member spouse's entitlement in respect |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
of the superannuation interest at the
time of the payment to an eligible
| ts | rollover fund selected by the Board. |
| n | (4) If the non-member spouse has satisfied a |
| e | relevant condition of release or the member |
| m | spouse is receiving a pension under this Act, |
| u | the Board must if the value of the non- |
| c | member spouse's entitlement in respect of |
| o | the superannuation interest at the particular |
| D | time does not exceed the value of the |
| ry | member spouse's interest in the Fund— |
| ta | (a) if so requested in writing by the non- |
member spouse within the specified
n
| e | period, pay the non-member spouse a lump sum amount equal to the value of |
| m | |
| ia | the non-member spouse's entitlement in |
| rl | respect of the superannuation interest at the time of the payment; or |
| a | |
| P | (b) if so requested in writing by the non- |
| d | member spouse within the specified |
| n | period, transfer a lump sum amount |
| a | equal to the value of the non-member |
| n | spouse's entitlement in respect of the |
| o | superannuation interest at the time of |
| ti | the payment to an eligible |
| la | superannuation plan nominated in |
| is | writing by the non-member spouse; or |
| g | (c) if no request is received from the non- |
| e | member spouse within the specified |
| L | period, transfer a lump sum amount |
| n | equal to the value of the non-member |
| a | |
| ri | spouse's entitlement in respect of the |
| superannuation interest at the time of | |
| to | the payment to an eligible rollover fund |
| ic | selected by the Board. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
(5) Sub-sections (3) and (4) do not apply if—
(a) the member spouse's superannuation
| ts | interest is an unsplittable interest; or |
| n | (b) a payment flag is operating in respect |
| e | of the member spouse's superannuation |
| m | interest; or |
| u | |
| c | (c) the non-member spouse has served a |
| o | waiver notice on the Board under |
| D | section 90MZA of the Commonwealth Family Law Act 1975 in respect of the |
| ry | member spouse's superannuation |
| ta | interest; or |
| n | (d) the member spouse's superannuation |
| e | interest is a payment that is not a |
| m | splittable payment under Part 2 of the |
| ia | Commonwealth Family Law |
| rl | (Superannuation) Regulations 2001. |
| a | |
| P | (6) If the member spouse's superannuation interest is a pension under this Act due to a |
| d | |
| n | disability which is a splittable payment, the |
| a | Board may determine that sub-sections (3) and (4) do not apply. |
| n | |
| o | (7) If the non-member spouse serves a waiver |
| ti | notice on the Board under section 90MZA of |
| la | the Commonwealth Family Law Act 1975 in |
| is | respect of the member spouse's |
| g | superannuation interest, the Board may make |
| e | a payment to the non-member spouse not |
| L | exceeding the value at a particular time of |
| n | the non-member spouse's entitlement in |
| a | respect of the superannuation interest less |
| ri | any payments previously made by the Board |
| to | to the non-member spouse in accordance |
| ic | with this section. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
59AD. Reduction of benefit or accrued benefit
entitlement
| ts | Despite anything to the contrary in this Act, |
| n | if under section 59AC an amount is paid by |
| e | the Board to a non-member spouse or |
| m | transferred by the Board on behalf of a non- |
| u | member spouse, the benefit or accrued |
| c | benefit entitlement of a member spouse must |
| o | be reduced by the Board in accordance with |
| D | a methodology approved by the Minister, on |
| ry | the advice of an actuary appointed by the |
| Board. | |
| ta | 59AE. Board may provide additional |
| n | |
| e | information |
| m | On the application of an eligible person |
| ia | within the meaning of section 90MZB(8) of |
| rl | the Commonwealth Family Law Act 1975, |
| a | the Board may provide information |
| P | additional to the information required to be |
| d | provided under section 90MZB of that Act if |
| n | the Board considers that the additional |
| a | information is necessary to understand the Fund or the member spouse's benefit |
| n | entitlements. |
| o | |
| ti | 59AF. Commutation rights not affected |
| la | The entitlement of a person to convert or |
| is | commute a benefit or pension under this Act |
| g | |
| e | is not affected by the making of a payment or |
| L | transfer under this Part. |
| n | 59AG. Charging of fees |
| a | |
| ri | (1) The Board may charge reasonable fees in |
| to | respect of— |
| ic | (a) a payment split; |
| V | (b) a payment flag; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 24
(c)
flag lifting under a flag lifting agreement that does not provide for a
| ts | payment split; |
| n | (d) an order under section 90MM of the |
| e | Commonwealth Family Law Act 1975 |
| m | terminating the operation of a payment |
| u | flag; |
| c | (e) an application under section 90MZB of |
| o | the Commonwealth Family Law Act |
| D | 1975 for information about a |
| ry | superannuation interest; |
| ta | (f) | any other thing done by the Board in |
| n | relation to a superannuation interest | |
| e | covered by a superannuation | |
| m | agreement, flag lifting agreement or | |
| ia | splitting order; |
| rl | (g) the provision of information under |
| a | section 59AE. |
| P |
(2) Fees charged under sub-section (1) must not
d
| n | exceed the maximum levels of fees fixed by |
| a | the Minister for the purposes of this section by notice published in the Government |
| n | Gazette. |
| o | |
| ti | (3) If the Board charges a fee under sub-section |
| la | (1), the fee is payable— |
| is | (a) unless paragraph (b) applies, in the case |
| g | of sub-section (1)(a), (1)(b), (1)(c), |
| e | (1)(d) or (1)(f), by the member spouse |
| L | and the non-member spouse in equal |
| n | parts; or |
| a | |
| ri | (b) if the fee is in respect of a payment split |
| to | under which the non-member spouse is |
| ic | entitled to be paid the whole of the amount of each splittable payment that |
| V | becomes payable, by the non-member spouse; or |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 25
(c)
in the case of sub-section (1)(e) or (1)(g), by the person who made the
| ts | application.'. |
| n | 25. Members of approved superannuation schemes |
| e | After section 69(6) of the State Superannuation |
| m | Act 1988 insert— |
| u | |
| c | "(6A) For the purposes of sub-section (6), if a |
| o | payment or transfer to a non-member spouse |
| D | is made for the purposes of Part VIIIB of the Commonwealth Family Law Act 1975 |
| ry | whether under Part 7A or otherwise, the |
| ta | aggregate benefits of the member spouse |
| n | must be adjusted by the Board in accordance |
| e | with a methodology approved by the |
| m | Minister, on the advice of an actuary |
| ia | appointed by the Board.". |
| rl | 26. Minimum benefit |
| a | |
| P | After section 71(1C) of the State Superannuation Act 1988 insert— |
| d | |
| n | "(2) For the purposes of sub-section (1), if a |
| a | payment or transfer to a non-member spouse |
| n | is made for the purposes of Part VIIIB of the |
| o | Commonwealth Family Law Act 1975 |
| ti | whether under Part 7A or otherwise, the |
| la | minimum benefit of the member spouse must |
| is | be adjusted by the Board in accordance with |
| g | a methodology approved by the Minister, on |
| e | the advice of an actuary appointed by the |
| L | Board.". |
| n | 27. Amendment of section 77B |
| a | |
| ri | In section 77B(8) of the State Superannuation |
| to | Act 1988 for "under section 2 of the Penalty |
| ic | Interest Rates Act 1983" substitute "by the |
| Board based on the Treasury bond rate (within the | |
| V | meaning of section 16 of the Commonwealth |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 28
Superannuation Contributions Tax (Assessment
and Collection) Act 1997)".
| ts | 28. Section 88 substituted |
| n | For section 88 of the State Superannuation Act |
| e | 1988 substitute— |
| m | "88. Assignment or charging of interest |
| u | |
| c | (1) Subject to sub-section (2), an interest of a |
| o | member or beneficiary in a benefit under this |
| D | Act— |
| ry | (a) must not be in any way assigned, |
| ta | charged, attached or passed by |
| n | operation of law to any other person; |
| e | and |
| m | (b) is not an asset for the payment of any |
| ia | debt or liability. |
| rl | (2) Sub-section (1) does not apply to or in |
| a | |
| P | respect of any assignment, charge, payment or transfer permitted expressly or by |
| d | necessary implication by this Act.". |
| n | |
| a | 29. Specified standards |
| n | (1) In section 92A(1)(a) of the State Superannuation |
| o | |
| ti | Act 1988 after "contributions" insert "and |
| la | benefits". |
| is | (2) After section 92A(1)(c) of the State |
| g | Superannuation Act 1988 insert— |
| e | "(ca) specify processes and requirements in |
| L | respect of the administration and operation |
| n | of Part 7A; and |
| a | |
| ri | (cb) specify the benefits and entitlements of non- |
| to | members spouses under Part 7A; and". |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 30
(3) After section 92A(2) of the State
Superannuation Act 1988 insert—
| ts | "(3) Any Order in Council made before the |
| n | enactment of the Superannuation Acts |
| e | (Family Law) Act 2003 has force and effect |
| m | as if it had been made under this section as |
| u | amended by section 29(1) of that Act.". |
| c | 30. MWCESF |
| o | |
| D | After section 94(1F) of the State Superannuation |
| ry | Act 1988 insert— |
| ta | "(1G) Sub-section (1A) is subject to the provisions |
of Part 7A.
n
| e | (1H) For the purposes of sub-section (1G), the |
| m | provisions of Part 7A with such |
| ia | modifications as are necessary to make those |
| rl | provisions consistent with the governing |
| a | instrument of the Melbourne Water |
| P | Corporation Employees' Superannuation Fund are deemed to form part of the |
| d | |
| n | governing instrument of the Melbourne |
| a | Water Corporation Employees' Superannuation Fund.". |
| n | |
| o | 31. Water Industry Superannuation Fund |
| ti | |
| la | After section 96(4) of the State Superannuation |
| is | Act 1988 insert— |
"(4A) Sub-section (3) is subject to the provisions of
g
| e | Part 7A. |
| L | (4B) For the purposes of sub-section (4A), the |
| n | provisions of Part 7A with such |
| a | |
| ri | modifications as are necessary to make those |
| provisions consistent with the governing | |
| to | instrument of the Water Industry |
| ic | Superannuation Fund are deemed to form |
| V | part of the governing instrument of the Water Industry Superannuation Fund.". |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 6—State Superannuation Act 1988
s. 32
32. Port of Melbourne Authority Superannuation Fund
After section 101(1A) of the State
| ts | Superannuation Act 1988 insert— |
| n | "(1B) Sub-section (1) is subject to the provisions of |
| e | Part 7A. |
| m | (1C) For the purposes of sub-section (1B), the |
| u | |
| c | provisions of Part 7A with such |
| o | modifications as are necessary to make those |
| D | provisions consistent with the governing instrument of the Port of Melbourne |
| ry | Authority Superannuation Fund are deemed |
| ta | to form part of the governing instrument of |
| n | the Port of Melbourne Authority |
| e | Superannuation Fund.". |
| m | __________________ |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 33
PART 7—SUPERANNUATION (PORTABILITY) ACT 1989
| ts | 33. New definitions inserted |
| n | See: |
| e | After section 3(3) of the Superannuation |
Act No.
(Portability) Act 1989 insert— 14/1989.
| m | Reprint No. 3 |
| u | '(4) In this Act— | as at |
| c | 31 May 2000 | |
| o | "approved deposit fund" has the meaning | and |
| amending | ||
| D | given by section 10(1) of the | Act Nos |
| Commonwealth Superannuation | 95/2000 and | |
| ry | 27/2001. | |
| Industry (Supervision) Act 1993; | LawToday: | |
| ta |
"eligible rollover fund" means a fund dpc.vic.
| n | within the meaning of section 242 of | gov.au |
| e | the Commonwealth Superannuation | |
| m | Industry (Supervision) Act 1993; | |
| ia |
| rl | "eligible superannuation plan" means— |
| a | (a) a regulated superannuation fund; |
| P | or |
| d | (b) an approved deposit fund; or |
| n | |
| a | (c) an exempt public sector |
| n | superannuation scheme; or |
| o | |
| ti | (d) an RSA; |
| la | "exempt public sector superannuation |
scheme" means a public sector
| is | superannuation scheme within the |
| g | |
| e | meaning of section 10(1) of the |
| L | Commonwealth Superannuation Industry (Supervision) Act 1993; |
| n | |
| a | "flag lifting agreement" has the meaning |
| ri | given by section 90MN of the |
| to | Commonwealth Family Law Act 1975; |
| ic | "flagging order" means an order mentioned |
| V | in section 90MU(1) of the Commonwealth Family Law Act 1975; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 33
"interest" has the meaning given by section 90MD of the Commonwealth Family
| ts | Law Act 1975; |
| n | "member spouse", in relation to a |
| e | superannuation interest, means the |
| m | spouse who has the superannuation |
| u | interest; |
| c | "non-member spouse", in relation to a |
| o | superannuation interest, means the |
| D | spouse who is not the member spouse |
| ry | in relation to that interest; |
| ta | "payment flag" has the meaning given by |
| n | section 90MD of the Commonwealth |
| e | Family Law Act 1975; |
| m | "regulated superannuation fund" means a |
| ia | superannuation fund which complies |
| rl | with section 19 of the Commonwealth |
| a | Superannuation Industry (Supervision) |
| P | Act 1993; |
| d | |
| n | "relevant condition of release" means, a |
| a | condition of release mentioned in item 101, 102, 103 or 106 of Schedule 1 to |
| n | |
| o | the Commonwealth Superannuation |
| ti | Industry (Supervision) Regulations |
| la | 1994; |
| is | "reversionary interest" has the meaning |
| g | given by section 90MF of the |
| e | Commonwealth Family Law Act 1975; |
| L | "RSA" means a retirement savings account |
| n | within the meaning of the |
| a | |
| ri | Commonwealth Retirement Savings |
| to | Accounts Act 1997; |
| ic | "specified period" means the period which |
is specified to be the specified period in
| V | the specified standards; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 33
"splitting order" means an order mentioned
in section 90MT of the Commonwealth
| ts | Family Law Act 1975; |
| n | "superannuation agreement" has the |
| e | meaning given by section 90MH of the |
| m | Commonwealth Family Law Act 1975; |
| u | "superannuation fund" has the same |
| c | meaning as in the Commonwealth |
| o | Superannuation Industry (Supervision) |
| D | Act 1993; |
| ry | "superannuation interest" means an |
| ta | interest that a person has in the |
| n | statutory superannuation fund, but does |
| e | not include a reversionary interest; |
| m | "unsplittable interest" has the meaning |
| ia | given by section 90MD of the |
| rl | Commonwealth Family Law Act 1975; |
| a | |
| P | "value at a particular time of the non- member spouse's entitlement in |
| d | |
| n | respect of the superannuation |
| a | interest" means the value as determined in accordance with |
| n | |
| o | regulation 14G(8) of the |
| ti | Commonwealth Family Law |
| la | (Superannuation) Regulations 2001; |
| is | "value of the member spouse's interest in |
| g | the statutory superannuation fund" |
| e | means the value as determined in |
| L | accordance with Part 5 of the |
| n | Commonwealth Family Law |
| a | |
| ri | (Superannuation) Regulations 2001. |
(5) A reference to the transfer of an amount is to
| to | be construed as including a reference to the |
| ic | rollover of an amount.'. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
34. Family Law provisions
After section 9 of the Superannuation
| ts | (Portability) Act 1989 insert— |
| n | "9AA. Obligation on administrators |
| e |
(1) Subject to sub-sections (5) and (6), the
m
| u | administrators must comply with this section |
| c | if— |
| o | (a) a superannuation agreement which |
| D | provides for a payment split; or |
| ry | (b) a flag lifting agreement which provides |
| ta | for a payment split; or |
| n | (c) a splitting order— |
| e | |
| m | is served on the administrators under Part |
| ia | VIIIB of the Commonwealth Family Law |
| rl | Act 1975. |
| a | (2) This section also applies to— |
| P | (a) a superannuation agreement which |
| d | provides for a payment split; or |
| n | |
| a | (b) a flag lifting agreement which provides |
| n | for a payment split; or |
| o | |
| ti | (c) a splitting order— |
| la | which was served on the administrators |
| is | under Part VIIIB of the Commonwealth Family Law Act 1975 before the |
| g | |
| e | commencement of section 34 of the |
| L | Superannuation Acts (Family Law) Act 2003 if the non-member spouse's |
| n | |
| a | entitlements in respect of the superannuation |
| ri | interest have not been satisfied as at that |
| to | commencement. |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
(3) If the non-member spouse has not satisfied a relevant condition of release and the member spouse is not receiving a pension under this
| ts | Act, the administrators must if the value of |
| n | the non-member spouse's entitlement in |
| e | respect of the superannuation interest at the |
| m | particular time does not exceed the value of |
| u | the member spouse's interest in the statutory |
| c | |
| o | superannuation fund— |
| D | (a) | transfer a lump sum amount equal to |
| ry | the value of the non-member spouse's | |
| entitlement in respect of the | ||
| ta | superannuation interest at the time of | |
| n | the payment to an eligible | |
| e | superannuation plan nominated in | |
| m | writing by the non-member spouse | |
| ia | within the specified period; or |
| rl | (b) if the non-member spouse fails to |
| a | nominate in writing an eligible |
| P | superannuation plan within the |
| d | specified period, transfer a lump sum |
| n | amount equal to the value of the non- |
| a | member spouse's entitlement in respect |
| n | of the superannuation interest at the |
| o | |
| ti | time of the payment to an eligible |
| rollover fund selected by the | |
| la | administrators. |
| is | (4) If the non-member spouse has satisfied a |
| g | |
| e | relevant condition of release or the member |
| L | spouse is receiving a pension under this Act, the administrators must if the value of the |
| n | |
| a | non-member spouse's entitlement in respect |
| ri | of the superannuation interest at the |
| to | particular time does not exceed the value of |
| the member spouse's interest in the statutory | |
| ic | superannuation fund— |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
(a)
if so requested in writing by the non- member spouse within the specified period, pay the non-member spouse a
| ts | lump sum amount equal to the value of |
| n | the non-member spouse's entitlement in |
| e | respect of the superannuation interest at |
| m | the time of the payment; or |
| u | |
| c | (b) if so requested in writing by the non- |
| o | member spouse within the specified |
| D | period, transfer a lump sum amount |
| ry | equal to the value of the non-member |
| spouse's entitlement in respect of the | |
| ta | superannuation interest at the time of |
| n | the payment to an eligible |
| e | superannuation plan nominated in |
| m | writing by the non-member spouse; or |
| ia | |
| rl | (c) if no request is received from the non- |
member spouse within the specified
| a | period, transfer a lump sum amount |
| P | equal to the value of the non-member |
| d | spouse's entitlement in respect of the |
| n | superannuation interest at the time of |
| a | the payment to an eligible rollover fund |
| n | selected by the administrators. |
| o | |
| ti | (5) Sub-sections (3) and (4) do not apply if— |
| la | (a) the member spouse's superannuation |
| is | interest is an unsplittable interest; or |
| g | (b) a payment flag is operating in respect |
| e | |
| L | of the member spouse's superannuation interest; or |
| n | |
| a | (c) the non-member spouse has served a |
| ri | waiver notice on the administrators |
| to | under section 90MZA of the |
| ic | Commonwealth Family Law Act 1975 |
| in respect of the member spouse's | |
| V | superannuation interest; or |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
(d)
the member spouse's superannuation interest is a payment that is not a splittable payment under Part 2 of the
| ts | Commonwealth Family Law |
| n | (Superannuation) Regulations 2001. |
| e |
(6) If the member spouse's superannuation
m
| u | interest is a pension under this Act due to a |
| c | disability which is a splittable payment, the |
| o | administrators may determine that sub- |
| D | sections (3) and (4) do not apply. |
| ry | (7) If the non-member spouse serves a waiver |
| ta | notice on the administrators under section |
| 90MZA of the Commonwealth Family Law | |
| n | |
| e | Act 1975 in respect of the member spouse's superannuation interest, the administrators |
| m | |
| ia | may make a payment to the non-member |
| rl | spouse not exceeding the value at a particular |
| time of the non-member spouse's entitlement | |
| a | in respect of the superannuation interest less |
| P | any payments previously made by the |
| d | administrators to the non-member spouse in |
| n | accordance with this section. |
| a |
9AB. Reduction of deferred retirement benefit
n
| o | or transfer amount |
| ti | Despite anything to the contrary in this Act, |
| la | if under section 9AA an amount is paid by |
| is | the administrators to a non-member spouse |
| g | or transferred by the administrators on behalf |
| e | of a non-member spouse, the deferred |
| L | retirement benefit or transfer amount of a |
| n | member spouse must be reduced by the |
| a | |
| ri | administrators in accordance with a |
| methodology approved by the Minister, on | |
| to | the advice of an actuary appointed by the |
| ic | administrators. |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
9AC. Administrators may provide additional
information
| ts | On the application of an eligible person | ||
| n | within the meaning of section 90MZB(8) of | ||
| e | the Commonwealth Family Law Act 1975, | ||
| m | the administrators may provide information | ||
| u | additional to the information required to be | ||
| c | provided under section 90MZB of that Act if | ||
| o | the administrators consider that the | ||
| D | additional information is necessary to | ||
| ry | understand the statutory superannuation fund | ||
| or the member spouse's benefit entitlements. | |||
| ta | 9AD. Charging of fees | ||
| n | |||
| e | (1) The administrators may charge reasonable | ||
| m | fees in respect of— | ||
| ia | (a) a payment split; | ||
| rl | |||
| a | (b) a payment flag; | ||
| P |
| ||
| d | agreement that does not provide for a | ||
| n | payment split; | ||
| a |
(d) an order under section 90MM of the
| n | Commonwealth Family Law Act 1975 |
| o | |
| ti | terminating the operation of a payment |
| la | flag; |
| is | (e) | an application under section 90MZB of |
| g | the Commonwealth Family Law Act | |
| e | 1975 for information about a | |
| L | superannuation interest; |
| n | (f) any other thing done by the Board in |
| a | |
| ri | relation to a superannuation interest |
| covered by a superannuation | |
| to | agreement, flag lifting agreement or |
| ic | splitting order; |
| V | (g) | the provision of information under section 9AC. |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 7—Superannuation (Portability) Act 1989
s. 34
(2) Fees charged under sub-section (1) must not
exceed the maximum levels of fees fixed bythe Minister for the purposes of this section
| ts | by notice published in the Government |
| n | Gazette. |
| e |
(3) If the administrators charge a fee under sub-
m
| u | section (1), the fee is payable— |
| c | (a) unless paragraph (b) applies, in the case |
| o | of sub-section (1)(a), (1)(b), (1)(c), |
| D | (1)(d) or (1)(f), by the member spouse |
| ry | and the non-member spouse in equal |
| ta | parts; or |
| n | (b) if the fee is in respect of a payment split |
| e | under which the non-member spouse is |
| m | entitled to be paid the whole of the |
| ia | amount of each splittable payment that |
| rl | becomes payable, by the non-member |
| a | spouse; or |
| P | (c) in the case of sub-section (1)(e) or |
| d | (1)(g), by the person who made the |
| n | application.". |
| a |
__________________
n
o
ti
la
is
g
e
L
n
a
ri
to
ic
V
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 35
PART 8—TRANSPORT SUPERANNUATION ACT 1988
| ts | 35. What does "partially dependent" mean? |
| n | See: | After section 3(2) of the Transport |
| e | Act No. | |
| 33/1988. | Superannuation Act 1988 insert— | |
| m | Reprint No. 3 | |
| u | as at | '(2A) For the purpose of the definition of |
| c | 1 July 1999 |
| and | "dependant" in section 3(1), a person was | |
| o | amending | partially dependent on a deceased person if |
| D | Act Nos | |
| 29/2000, | the person benefited from a financial | |
| ry | 95/2000, | |
| 27/2001 and | contribution which was not trivial in nature and was to some extent necessary to sustain | |
| ta | 54/2001. | |
| LawToday: | the basics of life.'. | |
| n | ||
| e | ||
| dpc.vic. | ||
| gov.au | ||
| m | ||
| ia | ||
| rl | 36. Benefit on retirement | |
| a | After section 29(2) of the Transport | |
| P | Superannuation Act 1988 insert— | |
| d | "(2A) If a payment or transfer to a non-member | |
| n | spouse is made for the purposes of | |
| a | Part VIIIB of the Commonwealth Family | |
| n | Law Act 1975 whether under Part 7A or | |
| o | otherwise, the maximum accrued retirement | |
| ti | benefit of the member spouse must be | |
| la | adjusted by the Board in accordance with a | |
| is | methodology approved by the Minister, on | |
| g | the advice of an actuary appointed by the | |
| e | Board.". | |
| L |
37. Minimum benefit
n
| a | After section 35A(2) of the Transport |
| ri | Superannuation Act 1988 insert— |
| to | "(2A) For the purposes of sub-section (2), if a |
| ic | payment or transfer to a non-member spouse |
| V | is made for the purposes of Part VIIIB of the Commonwealth Family Law Act 1975 |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
whether under Part 7A or otherwise, the
minimum benefit of the member spouse mustbe adjusted by the Board in accordance with
| ts | a methodology approved by the Minister, on |
| n | the advice of an actuary appointed by the |
| e | Board.". |
| m | |
| u | 38. New Part 7A inserted |
| c | After Part 7 of the Transport Superannuation |
| o | Act 1988 insert— |
| D | |
| ry | 'PART 7A—FAMILY LAW PROVISIONS |
| ta | 36AA. Definitions |
| n | |
| e | (1) In this Part— |
| m | "approved deposit fund" has the meaning |
| ia | given by section 10(1) of the |
| rl | Commonwealth Superannuation |
| a | Industry (Supervision) Act 1993; |
| P | "eligible rollover fund" means a fund |
| d | within the meaning of section 242 of |
| n | the Commonwealth Superannuation |
| a | Industry (Supervision) Act 1993; |
| n | "eligible superannuation plan" means— |
| o | |
| ti | (a) a regulated superannuation fund; |
| la | or |
| is | (b) an approved deposit fund; or |
| g | |
| e | (c) an exempt public sector |
| L | superannuation scheme; or |
| n | (d) an RSA; |
| a | |
| ri | "exempt public sector superannuation |
| to | scheme" means a public sector superannuation scheme within the |
| ic | meaning of section 10(1) of the |
| V | Commonwealth Superannuation Industry (Supervision) Act 1993; |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
"flag lifting agreement" has the meaning given by section 90MN of the
| ts | Commonwealth Family Law Act 1975; |
| n | "flagging order" means an order mentioned |
| e | in section 90MU(1) of the |
| m | Commonwealth Family Law Act 1975; |
| u | "interest" has the meaning given by section |
| c | 90MD of the Commonwealth Family |
| o | Law Act 1975; |
| D |
"member spouse", in relation to a
| ry | superannuation interest, means the |
| ta | spouse who has the superannuation |
| n | interest; |
| e | "non-member spouse", in relation to a |
| m | superannuation interest, means the |
| ia | spouse who is not the member spouse |
| rl | in relation to that interest; |
| a | |
| P | "payment flag" has the meaning given by section 90MD of the Commonwealth |
| d | |
| n | Family Law Act 1975; |
| a | "regulated superannuation fund" means a |
| n | superannuation fund which complies |
| o | with section 19 of the Commonwealth |
| ti | Superannuation Industry (Supervision) |
| la | Act 1993; |
| is | "relevant condition of release" means, a |
| g | condition of release mentioned in item |
| e | 101, 102, 103 or 106 of Schedule 1 to |
| L | the Commonwealth Superannuation |
| n | Industry (Supervision) Regulations |
| a | |
| ri | 1994; |
| to | "reversionary interest" has the meaning |
| ic | given by section 90MF of the |
| Commonwealth Family Law Act 1975; | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
"RSA" means a retirement savings account
within the meaning of the
Commonwealth Retirement Savings
| ts | Accounts Act 1997; |
| n | |
| e | "specified period" means the period which |
| m | is specified to be the specified period in |
| u | the specified standards; |
| c | "splitting order" means an order mentioned |
| o | in section 90MT of the Commonwealth |
| D | Family Law Act 1975; |
| ry | "superannuation agreement" has the |
| ta | meaning given by section 90MH of the |
| n | Commonwealth Family Law Act 1975; |
| e | "superannuation fund" has the same |
| m | meaning as in the Commonwealth |
| ia | Superannuation Industry (Supervision) |
| rl | Act 1993; |
| a | |
| P | "superannuation interest" means an interest that a person has as a member |
| d | |
| n | of an eligible superannuation plan, but |
| a | does not include a reversionary interest; |
| n | "unsplittable interest" has the meaning |
| o | given by section 90MD of the |
| ti | Commonwealth Family Law Act 1975; |
| la | "value at a particular time of the non- |
| is | member spouse's entitlement in |
| g | respect of the superannuation |
| e | interest" means the value as |
| L | determined in accordance with |
| n | regulation 14G(8) of the |
| a | |
| ri | Commonwealth Family Law |
| to | (Superannuation) Regulations 2001; |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
"value of the member spouse's interest in
the Fund" means the value as
determined in accordance with Part 5 of
| ts | the Commonwealth Family Law |
| n | (Superannuation) Regulations 2001. |
| e |
(2) A reference to the transfer of an amount is to
m
| u | be construed as including a reference to the |
| c | rollover of an amount. |
| o | 36AB. Accrued benefit multiple |
| D |
For the purpose of regulation 65 of the
| ry | Commonwealth Family Law |
| ta | (Superannuation) Regulations 2001, the |
| n | Board on the advice of an actuary appointed |
| e | by the Board may from time to time |
| m | determine the accrued benefit multiple. |
| ia | 36AC. Obligation on Board |
| rl | |
| a | (1) Subject to sub-sections (5) and (6), the Board |
| P | must comply with this section if— |
| d | (a) a superannuation agreement which |
| n | provides for a payment split; or |
| a |
(b) a flag lifting agreement which provides
| n | for a payment split; or |
| o | |
| ti | (c) a splitting order— |
| la | is served on the Board under Part VIIIB of |
| is | the Commonwealth Family Law Act 1975. |
| g | |
| e | (2) This section also applies to— |
| L | (a) a superannuation agreement which |
| n | provides for a payment split; or |
| a |
| ri | (b) | a flag lifting agreement which provides |
| to | for a payment split; or | |
| ic | ||
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
(c) a splitting order—
which was served on the Board under
| ts | Part VIIIB of the Commonwealth Family |
| n | Law Act 1975 before the commencement of |
| e | section 38 of the Superannuation Acts |
| m | (Family Law) Act 2003 if the non-member |
| u | spouse's entitlements in respect of the |
| c | superannuation interest have not been |
| o | satisfied as at that commencement. |
| D | (3) If the non-member spouse has not satisfied a |
| ry | relevant condition of release and the member |
| ta | spouse is not receiving a pension under this |
| Act, the Board must if the value of the non- | |
| n | |
| e | member spouse's entitlement in respect of the superannuation interest at the particular |
| m | |
| ia | time does not exceed the value of the |
| rl | member spouse's interest in the Fund— |
| a | (a) transfer a lump sum amount equal to |
| P | the value of the non-member spouse's |
| d | entitlement in respect of the |
| n | superannuation interest at the time of |
| a | the payment to an eligible |
| n | superannuation plan nominated in |
| o | writing by the non-member spouse |
| ti | within the specified period; or |
| la | (b) if the non-member spouse fails to |
| is | nominate in writing an eligible |
| g | superannuation plan within the |
| e | specified period, transfer a lump sum |
| L | amount equal to the value of the non- |
| n | member spouse's entitlement in respect |
| a | |
| ri | of the superannuation interest at the |
| time of the payment to an eligible | |
| to | rollover fund selected by the Board. |
| ic | (4) If the non-member spouse has satisfied a |
| V | relevant condition of release or the member spouse is receiving a pension under this Act, |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
the Board must if the value of the non-
member spouse's entitlement in respect ofthe superannuation interest at the particular
| ts | time does not exceed the value of the |
| n | member spouse's interest in the Fund— |
| e |
(a) if so requested in writing by the non-
m
| u | member spouse within the specified |
| c | period, pay the non-member spouse a |
| o | lump sum amount equal to the value of |
| D | the non-member spouse's entitlement in |
| ry | respect of the superannuation interest at the time of the payment; or |
| ta | (b) if so requested in writing by the non- |
| n | |
| e | member spouse within the specified period, transfer a lump sum amount |
| m | |
| ia | equal to the value of the non-member |
| rl | spouse's entitlement in respect of the superannuation interest at the time of |
| a | the payment to an eligible |
| P | superannuation plan nominated in |
| d | writing by the non-member spouse; or |
| n | |
| a | (c) if no request is received from the non- |
| n | member spouse within the specified |
| o | period, transfer a lump sum amount |
| ti | equal to the value of the non-member |
| la | spouse's entitlement in respect of the |
| is | superannuation interest at the time of |
| the payment to an eligible rollover fund | |
| g | |
| e | selected by the Board. |
| L | (5) Sub-sections (3) and (4) do not apply if— |
| n | (a) the member spouse's superannuation |
| a | |
| ri | interest is an unsplittable interest; or |
| to | (b) | a payment flag is operating in respect |
| ic | of the member spouse's superannuation | |
| interest; or | ||
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
(c)
the non-member spouse has served a waiver notice on the Board under section 90MZA of the Commonwealth
| ts | Family Law Act 1975 in respect of the |
| n | member spouse's superannuation |
| e | interest; or |
| m | |
| u | (d) the member spouse's superannuation |
| c | interest is a payment that is not a |
| o | splittable payment under Part 2 of the |
| D | Commonwealth Family Law |
| ry | (Superannuation) Regulations 2001. |
| ta | (6) If the member spouse's superannuation |
interest is a pension under this Act due to a
n
| e | disability which is a splittable payment, the Board may determine that sub-sections (3) |
| m | and (4) do not apply. |
| ia | |
| rl | (7) If the non-member spouse serves a waiver |
| a | notice on the Board under section 90MZA of |
| P | the Commonwealth Family Law Act 1975 in |
| d | respect of the member spouse's |
| n | superannuation interest, the Board may make |
| a | a payment to the non-member spouse not |
| n | exceeding the value at a particular time of |
| o | the non-member spouse's entitlement in |
| ti | respect of the superannuation interest less |
| la | any payments previously made by the Board |
| is | to the non-member spouse in accordance |
| with this section. | |
| g | |
| e | 36AD. Reduction of benefit or accrued benefit |
| L | entitlement |
| n | |
| a | Despite anything to the contrary in this Act, |
| ri | if under section 36AC an amount is paid by |
| to | the Board to a non-member spouse or transferred by the Board on behalf of a non- |
| ic | member spouse, the benefit or accrued |
| V | benefit entitlement of a member spouse must be reduced by the Board in accordance with |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
a methodology approved by the Minister, on
the advice of an actuary appointed by the
| ts | Board. |
| n | 36AE. Board may provide additional |
| e | information |
| m | On the application of an eligible person |
| u | within the meaning of section 90MZB(8) of |
| c | the Commonwealth Family Law Act 1975, |
| o | the Board may provide information |
| D | additional to the information required to be |
| ry | provided under section 90MZB of that Act if |
| ta | the Board considers that the additional |
| information is necessary to understand the | |
| n | |
| e | Fund or the member spouse's benefit entitlements. |
| m | |
| ia | 36AF. Commutation rights not affected |
| rl | The entitlement of a person to convert or |
| a | commute a benefit or pension under this Act |
| P | is not affected by the making of a payment or |
| d | transfer under this Part. |
| n | |
| a | 36AG. Charging of fees |
| n | (1) The Board may charge reasonable fees in |
| o | |
| ti | respect of— |
| la | (a) a payment split; |
| is | (b) a payment flag; |
| g | (c) flag lifting under a flag lifting |
| e | agreement that does not provide for a |
| L | payment split; |
| n | |
| a | (d) an order under section 90MM of the |
| ri | Commonwealth Family Law Act 1975 |
| to | terminating the operation of a payment |
| ic | flag; |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 38
(e)
(f) any other thing done by the Board inan application under section 90MZB of 1975 for information about a
| ts | superannuation interest; |
| n | |
| e | |
| m | relation to a superannuation interest |
| u | covered by a superannuation |
| c | agreement, flag lifting agreement or |
| o | splitting order; |
| D | (g) the provision of information under |
| ry | section 36AE. |
| ta | (2) Fees charged under sub-section (1) must not |
| n | exceed the maximum levels of fees fixed by |
| e | the Minister for the purposes of this section |
| m | by notice published in the Government |
| ia | Gazette. |
| rl | (3) If the Board charges a fee under sub-section |
| a | (1), the fee is payable— |
| P |
(a) unless paragraph (b) applies, in the case
d
| n | of sub-section (1)(a), (1)(b), (1)(c), |
| a | (1)(d) or (1)(f), by the member spouse and the non-member spouse in equal |
| n | parts; or |
| o | |
| ti | (b) if the fee is in respect of a payment split |
| la | under which the non-member spouse is |
| is | entitled to be paid the whole of the |
| g | amount of each splittable payment that |
| e | becomes payable, by the non-member |
| L | spouse; or |
| n | (c) in the case of sub-section (1)(e) or |
| a | |
| ri | (1)(g), by the person who made the |
| to | application.'. |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 39
39. Section 49 substituted
For section 49 of the Transport Superannuation
| ts | Act 1988 substitute— |
| n | "49. Assignment or charging of interest |
| e |
(1) Subject to sub-section (2), an interest of a
m
| u | member or beneficiary in a benefit under this |
| c | Act— |
| o | (a) must not be in any way assigned, |
| D | charged, attached or passed by |
| ry | operation of law to any other person; |
| ta | and |
| n | (b) is not an asset for the payment of any |
| e | debt or liability. |
| m | (2) Sub-section (1) does not apply to or in |
| ia | respect of any assignment, charge, payment |
| rl | or transfer permitted expressly or by |
| a | necessary implication by this Act.". |
| P |
40. Specified standards
d
| n | (1) In section 53(1)(a) of the Transport |
| a | Superannuation Act 1988 after "contributions" |
| n | insert "and benefits". |
| o | |
| ti | (2) After section 53(1)(c) of the Transport |
| la | Superannuation Act 1988 insert— |
| is | "(ca) specify processes and requirements in |
| g | respect of the administration and operation |
| e | of Part 7A; and |
| L | (cb) specify the benefits and entitlements of non- |
| n | members spouses under Part 7A; and". |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 8—Transport Superannuation Act 1988
s. 40
(3) After section 53(2) of the Transport
Superannuation Act 1988 insert—
| ts | "(3) Any Order in Council made before the |
| n | enactment of the Superannuation Acts |
| e | (Family Law) Act 2003 has force and effect |
| m | as if it had been made under this section as |
| u | amended by section 40(1) of that Act.". |
| c | __________________ |
| o | |
| D | |
| ry | |
| ta | |
| n | |
| e | |
| m | |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Part 9—Unclaimed Moneys Act 1962
s. 41
PART 9—UNCLAIMED MONEYS ACT 1962
| ts | 41. Family Law provisions |
| n | See: | In section 17 of the Unclaimed Moneys Act |
| e | Act No. | |
| 6879/1962. | 1962, in the definition of "member", after | |
| m | Reprint No. 7 | paragraph (b) insert— |
| u | as at | |
| c | 3 April 2003. |
| LawToday: | "; or |
| o |
| D | dpc.vic. | (c) in respect of an unclaimed superannuation |
| gov.au | benefit that is taken to be unclaimed money |
| ry | under section 12(2) of the Commonwealth |
| ta | Unclaimed Money Act, a non-member |
| n | spouse within the meaning of Part VIIIB of |
| e | the Commonwealth Family Law Act 1975;". |
| m | 42. Statement of unclaimed superannuation benefits |
| ia | |
| rl | After section 19(4)(a)(ii) of the Unclaimed |
| Moneys Act 1962 insert— | |
| a | |
| P | '(iii) a non-member spouse, if paragraph (c) of the definition of "member" in section 17 applies; |
| d | |
| n | and'. |
| a | ═══════════════ |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
Superannuation Acts (Family Law) Act 2003
Act No. 70/2003
Endnotes
ENDNOTES
| ts | † |
Minister's second reading speech—
| n | Legislative Assembly: 28 August 2003 |
| e | |
| Legislative Council: 18 September 2003 | |
| m | |
| u | The long title for the Bill for this Act was "to amend the Emergency |
| c | Services Superannuation Act 1986, the Government Superannuation |
| o | Act 1999, the Parliamentary Salaries and Superannuation Act 1968, |
| D | the State Employees Retirement Benefits Act 1979, the State Superannuation Act 1988, the Superannuation (Portability) Act 1989, |
| ry | the Transport Superannuation Act 1988 and the Unclaimed Moneys |
| ta | Act 1962 and for other purposes." |
| n | |
| e | |
| m | |
| ia | |
| rl | |
| a | |
| P | |
| d | |
| n | |
| a | |
| n | |
| o | |
| ti | |
| la | |
| is | |
| g | |
| e | |
| L | |
| n | |
| a | |
| ri | |
| to | |
| ic | |
| V |
0
0
0