OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IA - REASONABLE BENEFIT LIMITS  

Division 4 - Determinations  

REGULATION 4S  

4S   AMOUNTS OF ETP ' s PAID BY LIFE ASSURANCE COMPANIES OR REGISTERED ORGANISATIONS COUNTED TOWARDS REASONABLE BENEFIT LIMITS  
Where an ETP is paid by a life assurance company or a registered organisation to a person, the amount that is to be counted towards the reasonable benefit limits of the person is:

(a) if the payment was the result of the commutation of the whole or part of an annuity that met the pension and annuity standards - the whole of the payment, other than any part of the payment that consists of undeducted contributions, concessional components or non-qualifying components; or

(b) if the payment was the result of the commutation of a deferred annuity - the whole of the payment, other than any part of the payment that consists of undeducted contributions, concessional components or non-qualifying components.