This article is more than 24 months old and is now archived. This article has not been updated to reflect any changes to the law.
At present, the definition of an "interdependency relationship" is when two persons (whether or not related by family) have a close personal relationship, live together and one or each of them provides the other with financial and domestic support and personal care. [1]
Now the following matters are to be considered in determining whether two persons have an interdependency relationship [2] :
Independently of section 10A, two persons will be deemed to have an interdependency relationship in any of the following situations:
If they:
If they have a close personal relationship but do not meet the other requirements for an interdependency relationship purely
Employment exception However, two people will not be deemed to have an interdependency relationship if one of them provides domestic support and personal care to the other:
[1]
Section 10A(1) of the
Superannuation Industry (Supervision) Act 1993.
[2]
Regulation 1.04AAAA of the
Superannuation Industry (Supervision) Regulations 2005.
Qualifications: BA, LLB, Monash University, LLM, University of Melbourne
Julian is a Partner in Maddocks Commercial team. He advises a diverse range of clients across the Australian commercial and financial services landscape.
Julian's corporate practice spans various sectors, including financial services, professional services, and family-owned enterprises. He advises on:
Julian's financial services practice involves advising financial market participants on the entire financial services lifecycle including fund structuring, management options, and compliance with regulatory requirements.
Julian also offers guidance on alternative and disruptive financial services businesses, such as online foreign exchanges, internal markets, and management rights schemes.
The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal accounting and financial advice must be obtained.