Superannuation Industry (Supervision) Regulations 1994
Subregulations 1.05(10) and 1.06(8)
PAYMENTS FOR MARKET LINKED INCOME STREAMS
SECTION 7. 7.If, on 1 July in a financial year ( current year ): (a) the payment factor that applies to an account balance for a market linked annuity or pension is 1.00; and (b) the payment factor that applied on 1 July in the previous financial year was not 1.00;
payments made in respect of the current year and the period after (if any) are taken to be determined in accordance with clause 1 if they comply with the following conditions:
(c) payment of the account balance over one of the following periods:
(i) if the remaining term of the annuity or pension is greater than 12 months - that period;
(d) if payments are made in accordance with paragraph (c) - the provider has no obligation to make any other payment that, but for this clause, would have been determined on 1 July in the subsequent financial year.
(ii) 12 months;
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