Commonwealth Numbered Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) AMENDMENT REGULATIONS 2000 (NO. 5) 2000 NO. 281 - SCHEDULE 1

(regulation 3)

[1] Regulation 6.15A

omit

Benefits in a fund

insert

(1)

Benefits in a fund

[2] Regulation 6.15A

insert

(2)

An investment earning in relation to a benefit of any kind is an unrestricted non-preserved benefit on a day if:

(a)

the benefit was cashed, before that day, in the form of a non-commutable life pension; and

(b)

the pension has commenced to be paid before that day.

(3)

An investment earning in relation to a benefit of any kind is an unrestricted non-preserved benefit on a day if:

(a)

the benefit was cashed, before that day, in the form of a non-commutable life annuity; and

(b)

the annuity has commenced to be paid before that day.

(4)

An investment earning in relation to a benefit is an unrestricted non-preserved benefit on a day if:

(a)

the benefit is an unrestricted non-preserved benefit; and

(b)

the benefit was cashed, before that day, in the form of a pension; and

(c)

the pension has commenced to be paid before that day.

(5)

An investment earning in relation to a benefit is an unrestricted non-preserved benefit on a day if:

(a)

the benefit is an unrestricted non-preserved benefit; and

(b)

the benefit was cashed, before that day, in the form of an annuity; and

(c)

the annuity has commenced to be paid before that day.