Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 11) (404 of 2004)

Schedule 2   Amendments taken to have commenced on 20 September 2004

[3]   After paragraph 1.07C (2) (b)

insert

(ba) for a commutation in part - the account balance of the annuity or pension, immediately after the commutation in part, would be equal to or would exceed the total payment amount calculated in accordance with Schedule 6, as reduced by the amount of income payments already made in the financial year in which the commutation in part would occur; or


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).