Commonwealth Numbered Regulations

SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) REGULATIONS 2022 (F2022L00155) - REG 6

Complying superannuation fund

             (1)  In this instrument, an account held by a person with a complying superannuation fund is an eligible account for the person if:

                     (a)  the Commissioner has not been advised that the account will not accept Government co-contributions; and

                     (b)  the account has not commenced paying a pension or an annuity; and

                     (c)  there is at least one condition of release for the account that is not mentioned in any of the following items of the table in Part 1 of Schedule 1 to the Superannuation Industry (Supervision) Regulations 1994 :

                              (i)  item 102 (death);

                             (ii)  item 102A (terminal medical condition);

                            (iii)  item 103 (permanent incapacity);

                            (iv)  item 109 (temporary incapacity).

RSA

             (2)  In this instrument, an account held by a person with an RSA is an eligible account for the person if:

                     (a)  the Commissioner has not been advised that the account will not accept Government co-contributions; and

                     (b)  the account has not commenced paying a pension or an annuity; and

                     (c)  there is at least one condition of release for the account that is not mentioned in any of the following items of the table in Schedule 2 to the Retirement Savings Accounts Regulations 1997 :

                              (i)  item 102 (death);

                             (ii)  item 102A (terminal medical condition);

                            (iii)  item 103 (permanent incapacity);

                            (iv)  item 108 (temporary incapacity).