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 member’s spouse or former spouse under a payment split.