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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.17AA

Payments prevented under Family Law Act 1975

    If a trustee of a regulated superannuation fund or an approved deposit fund does not make a payment in accordance with the standard set out in subregulation   6.17(2) because the trustee is prevented from doing so:

  (a)   under subsection   90XL(4) or 90YP(4) of the Family Law Act 1975 ; or

  (b)   by an order made under subsection   90XU(1) or 90YZ(1) of the Family Law Act 1975 ;

the trustee is not in breach of the standard.

Note 1:   Subsections   90XL(4) and 90YP(4) of the Family Law Act 1975 provide that while a payment flag is operating on a superannuation interest, the trustee must not make any splittable payment to any person in respect of the interest.

Note 2:   Subsections   90XU(1) and 90YZ(1) of the Family Law Act 1975 provide that a court may make an order in relation to a superannuation interest directing the trustee not to make a splittable payment in respect of the interest without the leave of the court.


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