Income Tax Assessment (1997 Act) Regulations 2021
For the purposes of the definition of superannuation annuity in subsection 995-1(1) of the Act, superannuation annuity means: (a) an income stream that:
(i) is issued by a life insurance company or registered organisation; and
(ii) commenced before 20 September 2007; and
(b) an income stream that:
(iii) is an annuity within the meaning of subsection 10(1) of the SIS Act or is a benefit mentioned in subregulation 1.07(1A) of the RSA Regulations; or
(i) is issued by a life insurance company or registered organisation; and
(c) a deferred superannuation income stream that is taken to be an annuity for the purposes of the SIS Act in accordance with subregulation 1.05(1) of the SIS Regulations because the contract for the provision of the income stream meets the standards of subregulation 1.06A(2) of the SIS Regulations.
(ii) is taken to be an annuity for the purposes of the SIS Act in accordance with subregulation 1.05(1) of the SIS Regulations; or
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