Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) Subject to subregulation (4), for paragraph 1020G(1)(c) of the Act, paragraph 1012F(b) of the Act is modified in its application in relation to:
(a) a superannuation interest; and
(b) the non - member spouse who acquires the superannuation interest;
in accordance with subregulation (2).
(2) Paragraph 1012F(b) is taken to require a regulated person to give the non - member spouse a Product Disclosure Statement when the regulated person gives a payment split notice to the non - member spouse.
(3) If paragraph 1012F(b), as modified in accordance with subregulation (2), applies in relation to a superannuation interest, regulation 7.9.04 does not apply in relation to the interest and the non - member spouse.
(4) For paragraph 1020G(1)(a) of the Act, if the governing rules of a superannuation entity do not provide for a non - member spouse to become a member of a superannuation fund in relation to the superannuation entity, section 1012B is modified by adding, after subsection 1012B(1):
'(1A) This section does not apply in relation to:
(a) a superannuation interest; and
(b) the non - member spouse who acquires the superannuation interest;
if the governing rules of a superannuation entity do not provide
for a non - member spouse to become a member of a superannuation fund in
relation to the superannuation entity.'.