Superannuation Industry (Supervision) Amendment Regulations 2006 (No. 1) (189 of 2006)

Schedule 1   Amendments

[15]   Subregulations 6.45 (3) and (4)

substitute

(3) If the application requests a split of untaxed splittable contributions, the trustee may give effect to the application only if the amount specified in the application is no more than the undeducted contributions that would form part of the ETP that would be payable if the member withdrew the member’s entire benefits at the time of the trustee giving effect to the application.

(4) If the application requests a split of taxed splittable contributions, the trustee may give effect to the application only if the amount specified in the application is no more than the taxed element of the post-June 83 component that would form part of the ETP that would be payable if the member withdrew the member’s entire benefits at the time of the trustee giving effect to the application.

(5) If the application requests a split of untaxed splittable employer contributions, the trustee may give effect to the application only if the amount specified in the application is no more than the untaxed element of the post-June 83 component that would form part of the ETP that would be payable if the member withdrew the member’s entire benefits at the time of the trustee giving effect to the application.