Retirement Savings Accounts Amendment Regulations 2007 (No. 1) (104 of 2007)
Schedule 1 Amendments commencing on day after registration
[14] Schedule 2, items 108A, 108B and 109
substitute
109 |
Compassionate ground |
A single lump sum, not exceeding an amount determined, in writing, by APRA, being an amount that: |
(a) taking account of the ground and of the persons financial capacity, is reasonably required; and |
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(b) in the case of the ground mentioned in paragraph 4.22A (1) (b) - in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of: (i) 3 months repayments; and (ii) 12 months interest on the outstanding balance of the loan. |
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110 |
Attaining preservation age |
One or more of the following: (a) a non-commutable allocated annuity within the meaning of Part 6 of the SIS Regulations; (b) a non-commutable allocated pension; |
(c) a non-commutable annuity within the meaning of Part 6 of the SIS Regulations; (d) a non-commutable pension |
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112 |
Either: (a) a person gives a release authority to a superannuation provider under subsection 292-410 (1) of the Income Tax Assessment Act 1997; or |
Restrictions contained in subsections 292-415 (1) and (2) of the Income Tax Assessment Act 1997 |
(b) the Commissioner of Taxation gives a release authority to a superannuation provider under subsection 292-410 (4) of the Income Tax Assessment Act 1997 |
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113 |
A person gives a transitional release authority to a superannuation provider under section 292-80B of the Income Tax (Transitional Provisions) Act 1997 |
Restrictions contained in subsections 292-80C (1) and (2) of the Income Tax (Transitional Provisions) Act 1997 |
114 |
Any other condition, if expressed to be a condition of release, in an approval under paragraph 15 (4) (d) of the Act |
Restrictions expressed in the approval to be cashing restrictions applying to the condition of release |