Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Social Security Act 1991

294   Subsection 14A(1) (paragraph (d) of the definition of liquid assets )

Repeal the paragraph, substitute:

(d) a roll-over superannuation benefit (within the meaning of the Income Tax Assessment Act 1997); or

(daa) a superannuation lump sum (within the meaning of that Act) that is a contributions-splitting superannuation benefit (within the meaning of that Act); or

(dab) a directed termination payment (within the meaning of section 82-10F of the Income Tax (Transitional Provisions) Act 1997); or