The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.P.175 Percentage payment split

Definition

A percentage payment split occurs where the superannuation agreement (1.1.S.416) or court order (1.1.C.355) specifies that payments from the member's original income stream (1.1.I.70) are to be split with a set percentage of the payment going to the non-member and the remaining amount continuing to be paid to the member (1.1.M.118). The value of any asset assessed in relation to the income stream and any deduction amount applying to the original payments to the member are split between the member and the non-member in the same proportions.

Last reviewed: 21 September 2015

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