Retirement Savings Accounts Amendment Regulations 2000 (No. 1) (279 of 2000)

Schedule 1   Amendment taken to have commenced on 1 July 1999

[1]   After regulation 4.17A

insert

4.17B Investment earnings taken to be unrestricted non-preserved benefits

(1) An investment earning in relation to a benefit of any kind is an unrestricted non-preserved benefit on a day if:

(a) the benefit was cashed, before that day, in the form of a non-commutable life pension; and

(b) the pension has commenced to be paid before that day.

(2) An investment earning in relation to a benefit of any kind is an unrestricted non-preserved benefit on a day if:

(a) the benefit was cashed, before that day, in the form of a non-commutable life annuity; and

(b) the annuity has commenced to be paid before that day.

(3) An investment earning in relation to a benefit is an unrestricted non-preserved benefit on a day if:

(a) the benefit is an unrestricted non-preserved benefit; and

(b) the benefit was cashed, before that day, in the form of a pension; and

(c) the pension has commenced to be paid before that day.

(4) An investment earning in relation to a benefit is an unrestricted non-preserved benefit on a day if:

(a) the benefit is an unrestricted non-preserved benefit; and

(b) the benefit was cashed, before that day, in the form of an annuity; and

(c) the annuity has commenced to be paid before that day.