Superannuation Legislation Amendment Act (No. 2) 1999 (96 of 1999)

Schedule 1   Amendment of the Small Superannuation Accounts Act 1995

9   Paragraph 64(1)(b)

Repeal the paragraph, substitute:

(b) the individual has been in receipt of one or more Commonwealth income support payments for:

(i) if the person is at least 55 years of age - a period of at least 39 weeks, or for 2 or more periods that total at least 39 weeks, since the person turned 55; or

(ii) in any case - for an unbroken period of at least 26 weeks (other than such a period that ended before the withdrawal request was given); and

(c) the individual gives the Commissioner of Taxation:

(i) written evidence of the individual’s receipt of relevant Commonwealth income support payments provided by the Commonwealth Department or agency that is responsible for administering the payment; or

(ii) such other evidence of the individual’s receipt of relevant Commonwealth income support payments as is prescribed.

Note: The heading to section 64 is altered by omitting “ severe financial hardship ” and substituting “ receipt of Commonwealth income support payments ”.