Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Veterans' Entitlements Act 1986

397   Subsection 5J(1) (definition of residual capital value )

Repeal the definition, substitute:

residual capital value , in relation to an income stream, means the capital amount payable on the termination of the income stream.

Note: An account-based income stream does not have a residual capital value (see subsection (9) of this section).