Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Amendments to extend the meaning of pensions and annuities, and to provide for minimum standards for certain annuities

34   Interpretation

Section 27A of the Principal Act is amended:

(a) by inserting in subsection (1) the following definitions:
        

"'annuity' has the same meaning as in section 3 of the Occupational Superannuation Standards Act 1987;

'pension' has the same meaning as in section 3 of the Occupational Superannuation Standards Act 1987;";

(b) by adding at the end of paragraph (b) of the definition of "eligible annuity" in subsection (1) the following subparagraph:
        

"(vii) if the annuity is of a kind specified in the regulations-the annuity is taken, under the regulations, to meet the annuity standards;".