Income Tax Assessment Amendment (Superannuation Measures No. 1) Regulation 2013 (103 of 2013)

Schedule 1   Amendments

Income Tax Assessment Regulations 1997

1   Regulation 295-385.01

Repeal the regulation, substitute:

295-385.01 Segregated current pension assets - prescribed superannuation income stream benefits

For section 295-385 of the Act, the following superannuation income stream benefits are prescribed:

(a)superannuation income stream benefits payable from:

(i)an allocated pension within the meaning of the SIS Regulations; or

(ii)a market linked pension within the meaning of the SIS Regulations; or

(iii)an account-based pension within the meaning of the SIS Regulations;

(b)an amount taken to be the amount of a superannuation income stream benefit under subregulation 995-1.01(3) or (4), where the superannuation income stream that was payable to the deceased mentioned in that subregulation was a pension mentioned in subparagraph (a)(i), (ii) or (iii).

Note:This regulation is also mentioned in regulation 307-205.02 to identify superannuation income streams to which that regulation does not apply.