(1) When the Board
transfers an amount under regulation 219D in respect of a Member’s
ex‑spouse the Board must —
(a) give
the ex‑spouse a notice setting out the matters mentioned in
subregulation (2); and
(b) give
the Member a notice setting out the matters mentioned in subregulation (3).
(2) The notice to the
ex‑spouse must set out —
(a) that
the new interest has been created; and
(b) the
value of that interest and how that value was calculated; and
(c) the
fund, scheme or person to which the transfer under regulation 219D(2) was
made; and
(d) if
the transfer was made to —
(i)
the GESB Super Scheme in accordance with
regulation 219D(3)(c), details of how the trustee of that fund can be
contacted; or
(ii)
the Commonwealth Commissioner of Taxation in accordance
with regulation 219D(3)(d), details of how the Commissioner can be
contacted.
(3) The notice to the
Member must set out —
(a) that
a new interest has been created for the ex‑spouse and that a
corresponding reduction has been made to the Member’s interest; and
(b) the
value of the ex‑spouse’s interest and how that value was
calculated; and
(c) the
amount by which, or the manner in which, the Member’s interest has been
reduced.
[Regulation 219H inserted: Gazette
18 Jan 2008 p. 153-4; amended: Gazette 10 Jan 2017
p. 156; 8 Nov 2019 p. 4005; SL 2021/49 r. 16.]
[Heading inserted: Gazette 29 Jun 2001
p. 3092.]