11Meaning of percentage‑only interest

11 Meaning of percentage‑only interest

(1) For the purposes of the definitions of percentage‑only interest in sections 90XD and 90YD of the Act, each of the following superannuation interests is prescribed: (a) a superannuation interest in the scheme constituted by the Judges’ Pensions Act 1953 (NSW); (b) a superannuation interest in the scheme constituted by the Judges (Pensions and Long Leave) Act 1957 (Qld); (c) a superannuation interest in the scheme constituted by the Governors (Salary and Pensions) Act 2003 (Qld); (d) a superannuation interest in the scheme constituted by the Judges’ Contributory Pensions Act 1968 (Tas); (e) a superannuation interest in a superannuation annuity. (2) However, the superannuation interest is not prescribed as a percentage‑only interest if it is covered by an item of the following table and immediately before the relevant day mentioned in that item: (a) either: (i) the interest is covered by a superannuation agreement or a flag lifting agreement that is in force and provides for a payment split; or (ii) the interest is an interest to which subsection 90XJ(5) or 90YN(5) of the Act applies; or (b) the interest is covered by a splitting order; or (c) the non‑member spouse has served a waiver notice on the trustee under section 90XZA or 90YZQ of the Act in respect of the interest.

<table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>When the superannuation interest is not a </span><span style="font-style:italic">percentage</span><span style="font-style:italic">‑</span><span style="font-style:italic">only interest</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:49.34%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>If the superannuation interest is covered by:</span></p></td><td style="width:42.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>the relevant day is:</span></p></td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:49.34%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>(1)(b) of this section</span></p></td><td style="width:42.08%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span><span> </span><span>September 2003</span></p></td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:49.34%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>paragraph</span><span> </span><span>(1)(d) of this section</span></p></td><td style="width:42.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span><span> </span><span>May 2003</span></p></td></tr></tbody></table>