Reg 53D repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007. Reg 53D formerly read:
REGULATION 53D REASONABLE BENEFIT LIMIT WHERE RECIPIENT MEMBER OF CERTAIN FUND ON 15 AUGUST 1989
53D
Where:
(a)
the Commissioner is to make a determination under section
140R
or
140T
of the Act in relation to a superannuation pension that:
(i)
has commenced to be paid to a person; and
(ii)
is payable under rules that meet the pension and annuity standards; and
(b)
the pension is payable by a superannuation fund of which the person was a member on l5 August 1989;
the amount of the person's transitional lump sum RBL or transitional pension RBL is the greater of:
(c)
the amount of the person's transitional lump sum RBL or transitional pension RBL, worked out in accordance with subregulation
53B(2)
;
and:
(d)
the capital value of the pension under the governing rules of the fund as at l5 August 1989.
Reg 53D inserted by SR No 461 of 1994.