6Balance of accounts—non‑member spouse

6 Balance of accounts—non‑member spouse

(1) This section is made for the purposes of subsection 15(4) of the Act and applies to an account opened in the name of a non‑member spouse on or after the commencement of this instrument. (2) The balance of the account is the lesser of: (a) the amount of the non‑member spouse’s interest specified in a splitting agreement or splitting order served on the Commissioner of Taxation; and (b) the balance of the member spouse’s account immediately before the payment split.