Treasury Laws Amendment (2018 Measures No. 1) Act 2018 (23 of 2018)

Schedule 1   Regulatory reform

Part 4   Terminal medical conditions

Small Superannuation Accounts Act 1995

24   Section 14

After:

Disability

• Under section 65, the balance of the amount standing to the credit of the account may be debited from the Special Account and paid by the Commonwealth to the individual if the individual has retired because of permanent disability.

insert:

Terminal medical condition

• Under section 65A, the balance of the amount standing to the credit of the account may be debited from the Special Account and paid by the Commonwealth to the individual if a terminal medical condition exists in relation to the individual.