The white paper is gone from the IBM site - so the link is no longer working.
As this white paper is removed - here are a few pointers to get you started:
The presentation "z/VM PAV and HyperPAV Support" and the z/VM HyperPAV web page has a good overview from the z/VM side and the presentation "HyperPAV and Large Volume Support for Linux on System z" shows the Linux part (which is basically working out of the box). And there is of course the Virtualization Workbook, which covers HyperPAV as well.
The whitepaper has been removed from the IBM site - (updated 05/30/2015)