Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019 (F2019L01641)

Schedule 5   Superannuation

Part 3   Successor fund transfers

Income Tax Assessment Regulations 1997

6   At the end of regulation 294-135.01

Add:

(2) Subregulation (1) does not apply to a superannuation interest covered by subregulation (3).

(3) This subregulation covers a superannuation interest that supports an income stream that is, or was at any time, a superannuation income stream prescribed by regulation 294-130.01 to which subregulation 294-130.01(3B) applies.

(4) For the purposes of subsection 294-135(4) of the Act, the special value , at a particular time, of a superannuation interest covered by subregulation (3) is the amount worked out in respect of that time under subsection 294-135(3) of the Act.

(5) For the purposes of subregulation (4), treat the reference in subsection 294-135(3) of the Act to a capped defined benefit income stream covered by any of items 3 to 7 of the table in subsection 294-130(1) as instead being a reference to the income stream mentioned in subregulation (3).


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