Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The operative time for a payment flag under a superannuation agreement is:
(a) the service time, if the eligible superannuation plan is a self - managed superannuation fund; or
(b) otherwise, the beginning of the fourth business day after the day on which the service time occurs.
(2) In this section:
"self-managed superannuation fund" has the same meaning as in the SIS Act.
"service time" means the time when a copy of the agreement is served on the trustee, accompanied by:
(a) a separation declaration with a declaration time that is not more than 28 days before the service on the trustee; and
(b) if a form of declaration is prescribed for the purposes of this paragraph--a declaration in that form.