Section 90YO — Family Law Act 1975: Operative time for payment flag

(1) The operative time for a payment flag under a superannuation agreement is: (a) the service time, if the eligible superannuation plan is a self-managed superannuation fund; or (b) otherwise, the beginning of the fourth business day after the day on which the service time occurs. (2) In this section: self-managed superannuation fund has the same meaning as in the SIS Act. service time means the time when a copy of the agreement is served on the trustee, accompanied by: (a) a separation declaration with a declaration time that is not more than 28 days before the service on the trustee; and (b) if a form of declaration is prescribed for the purposes of this paragraph—a declaration in that form.