Product Ruling
PR 2021/1A1
Income tax: Challenger Guaranteed Annuity (Short Term)
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Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
Addendum
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Product Ruling PR 2021/1 to reflect the repeal of the Income Tax Assessment Regulations 1997 and the commencement of the Income Tax Assessment (1997 Act) Regulations 2021.
PR 2021/1 is amended as follows:
At the end of subparagraph 14(a)(ii), after the word '(ITAR)', insert new footnote 1A:
1A On 1 April 2021, the ITAR was repealed and the Income Tax Assessment (1997 Act) Regulations 2021 (ITAR (1997 Act) 2021) commenced. From 1 April 2021, the term 'superannuation income stream' is defined in section 307-70.02 of the ITAR (1997 Act) 2021, and all references to regulation 995-1.01 and subregulation 995-1.01(1) of the ITAR in this Product Ruling should be read to mean section 307-70.02 and subsection 307-70.02(1) of the ITAR (1997 Act) 2021 respectively.
This Addendum applies before and after the date of issue.
Commissioner of Taxation
13 April 2022
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References
ATO references:
NO 1-ST804U6
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