Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)

Schedule 9   Veterans' Entitlements Act 1986

Part 1   Amendments commencing 20 September 2007

11   Subsection 52(1AA) (definition of partially asset-test exempt income stream )

Repeal the definition, substitute:

partially asset-test exempt income stream means:

(a) an asset-test exempt income stream that:

(i) is an income stream (other than a defined benefit income stream) covered by subsection 5JA(1) or (1A), 5JB(1) or 5JBA(1); and

(ii) has a commencement day during the period from 20 September 2004 to 19 September 2007 (both dates inclusive); and

(iii) is not covered by principles (if any) determined for the purposes of this subparagraph, by legislative instrument, by the Commission; or

(b) an income stream that:

(i) has a commencement day happening on or after 20 September 2007; and

(ii) is covered by principles determined for the purposes of this subparagraph, by legislative instrument, by the Commission.