Superannuation Legislation Amendment (MySuper Measures) Regulation 2013 (155 of 2013)
Schedule 2 Amendments relating to MySuper product dashboard and other measures
Superannuation Industry (Supervision) Regulations 1994
15 Regulation 9.27 (definition of accrued benefits )
Repeal the definition, substitute:
accrued benefits , in relation to a member of a defined benefit fund or a defined benefit sub-fund:
(a) means the benefits to which the member has an absolute or potential entitlement at the valuation date on account of the length of time the member has been a member of the fund or sub-fund; and
(b) includes any amount that would be payable out of the benefits mentioned in paragraph (a) to the members spouse or former spouse under a payment split.