Superannuation Industry (Supervision) Regulations 1994

SCHEDULE 6  

Subregulations 1.05(10) and 1.06(8)


PAYMENTS FOR MARKET LINKED INCOME STREAMS

SECTION 5.   5.  
For clause 1, the remaining term of a market linked annuity or pension is rounded as follows:


(a) if the commencement day of the market linked annuity or pension is on or after 1 January in a financial year - rounded up to the nearest whole year;


(b) if the commencement day of the market linked annuity or pension is on or before 31 December in a financial year - rounded down to the nearest whole year.




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