For the definition of basic contributions amount in section 146MA of the
Act, the basic contributions amount in relation to a member spouse is
determined in accordance with this section.
(2)
If:
(a)
the member
spouse is, or has been at any time, an eligible employee; and
(b)
the original interest in relation to the member spouse arises from the
member spouse being, or having been, an eligible employee;
the basic contributions amount is determined as follows:
Step 1
Identify the amount of the lump sum that would be payable to the member spouse
if benefits had become payable to the member spouse at the operative time. Note The amount of the lump sum would include accumulated basic contributions
and interest.
Step 2
Identify the component of the lump sum that would relate to accumulated basic
contributions. The component is the basic contributions amount.
(3)
If the
member spouse is a person who has an entitlement to associate deferred
benefits, the basic contributions amount is the amount of the funded
component, mentioned in paragraph 146MC (1) (a) of the Act, that would be
payable to the member spouse if benefits had become payable to the member
spouse at the operative time.
Commonwealth Numbered Regulations