OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IA - REASONABLE BENEFIT LIMITS  

Division 4 - Determinations  

REGULATION 4T  

4T   AMOUNTS OF ANNUITIES COUNTED TOWARDS REASONABLE BENEFIT LIMITS  
Where a payer commences to make payments of an annuity to a person:

(a) subject to paragraph (b), the following amounts of the ETP rolled-over to purchase the annuity are to be counted towards the reasonable benefit limits of the person:

(i) 100 % of the pre-July 83 component;

(ii) 100 % of the taxed element of the post-June 83 component;

(iii) 85 % of the untaxed element of the post-June 83 component; or

(b) if the annuity commenced to be paid as the result of the partial commutation of another annuity that met the pension and annuity standards - so much of the amount calculated under paragraph (a) as is not attributable to the payment counted towards the reasonable benefit limits of the person under paragraph 4S(a) is to be counted towards the reasonable benefit limits of the person.