Superannuation Legislation Amendment (Western Australia De Facto Superannuation Splitting) Regulations 2021 (F2021L01893)

Schedule 1   Amendments

Papua New Guinea (Staffing Assistance) (Superannuation) Regulations 1973

143   Subregulation 90(1) (definition of family law value)

Repeal the definition, substitute:

family law value means:

(a) in relation to a superannuation interest within the meaning of Part VIIIB of the FL Act - the amount determined in accordance with the FLS Regulations that apply for the purposes of paragraph 90XT(2)(a) of the FL Act; or

(b) in relation to a superannuation interest within the meaning of Part VIIIC of the FL Act - the amount determined in accordance with the FLS Regulations that apply for the purposes of paragraph 90YY(2)(a) of the FL Act.

In applying the FLS Regulations, the relevant date is taken to be the date on which the operative time occurs.

Note: This amount is determined by applying that instrument, whether or not an order has been made under subsection 90XT(1) or 90YY(1) (as the case may be) of the FL Act.