Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 295 - Taxation of superannuation entities  

Subdivision 295-F - Exempt income  

SECTION 295-385.01  

295-385.01   SEGREGATED CURRENT PENSION ASSETS - PRESCRIBED SUPERANNUATION INCOME STREAM BENEFITS  
For the purposes of section 295-385 of the Act, the following superannuation income stream benefits are prescribed:

(a)    an RP superannuation income stream benefit of a superannuation fund 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)    a superannuation benefit payable, from a superannuation interest, in respect of a right mentioned in subsection 307-70.02(2) that is covered by subsection 307-70.02(3) , if, immediately before the death mentioned in paragraph 307-70.02(2)(a) , the superannuation interest supported a pension mentioned in subparagraph (a)(i) , (ii) or (iii) of this section payable to the deceased mentioned in paragraph 307-70.02(2)(a) ;

(c)    a superannuation benefit payable from a superannuation interest that supports a new superannuation income stream in relation to which subsection 307-70.02(4) applies (as affected by subsection 307-70.02(5) ), if the superannuation income stream payable to the deceased mentioned in paragraph 307-70.02(4)(a) was a pension mentioned in subparagraph (a)(i) , (ii) or (iii) of this section.

Note 1: