Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)
Schedule 1 Consequential amendments etc.
Part 2 Other consequential amendments etc.
Social Security Act 1991
291 Subsection 9(1) (definition of residual capital value )
Repeal the definition, substitute:
residual capital value , in relation to an income stream, means the capital amount payable on the termination of the income stream.
Note: An account-based income stream does not have a residual capital value (see subsection (10) of this section).
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