Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MILITARY SUPERANNUATION AND BENEFITS ACT 1991 - SECT 5A

Amendments of Trust Deed to implement family law interest splitting

  (1)   Without limiting subsection   5(1), amendments under that subsection:

  (a)   may provide that, when a splitting agreement or splitting order is received by CSC in respect of a superannuation interest under this Act:

  (i)   the non - member spouse is entitled to benefits determined in accordance with the Rules; and

  (ii)   the benefits of the member spouse are reduced in accordance with the Rules; and

  (b)   may provide that, when a splitting agreement or splitting order is received by CSC in respect of a superannuation interest under:

  (i)   section   52 of the Defence Act 190 3; or

  (ii)   the Defence Force Retirement and Death Benefits Act 1973 ;

    the non - member spouse is entitled to benefits determined in accordance with the Rules; and

  (c)   may make any other provision that is related to, or consequential on, provisions referred to in paragraph   (a) or (b).

  (2)   Subparagraph   (1)(b)(ii) does not apply in a case covered by subsection   49B(2) of the Defence Force Retirement and Death Benefits Act 1973 .

  (3)   Subsection   12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to amendments referred to in subsection   (1) of this section.

  (4)   In this section:

"member spouse" means a member spouse within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 .

"non-member spouse" means a non - member spouse within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 .

"splitting agreement" means:

  (a)   a superannuation agreement (within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 ); or

  (b)   a flag lifting agreement (within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 ) that provides for a payment split (within the meaning of that Part).

"splitting order" means a splitting order within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 .

"superannuation interest" means a superannuation interest within the meaning of Part   VIIIB or VIIIC of the Family Law Act 1975 .

 



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback