Income Tax Assessment (1997 Act) Regulations 2021
View history note
Hide history noteThis section applies for the purposes of the continuing application of the old regulations, in relation to superannuation income streams that commenced before the 2021 commencement time.
1000-4.03(2)
This section applies despite subsection 1000-1.06(1) .
1000-4.03(3)
For the purposes mentioned in subsection (1) , treat a superannuation income stream as being prescribed by the old regulations for the purposes of subsection 294-130(2) of the Act (as a capped defined benefit income stream) if the superannuation income stream: (a) would not be so prescribed under that continuing application (apart from this subsection); but (b) would be so prescribed under subsection 294-130.01(7) (as inserted by Part 2 of Schedule 1 to the amending instrument), on the assumption that the superannuation income stream commenced on or after the 2021 commencement time.
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