INCOME TAX ASSESSMENT REGULATIONS 1997

PART 3 - SUPERANNUATION BENEFITS PAID FROM COMPLYING PLANS ETC  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-B - Superannuation lump sums and superannuation income stream benefits  

REGULATION 307-70.01   SUPERANNUATION INCOME STREAM BENEFITS  

307-70.01(1)  
For the purposes of subsection 307-70(1) of the Act (definition of superannuation income stream benefit ), all superannuation benefits are specified, apart from a superannuation benefit covered by subregulation (2).

307-70.01(2)  
A superannuation benefit is covered by this subregulation if:


(a) the superannuation benefit was paid:


(i) on or after 1 July 2007; and

(ii) before 1 July 2017; and


(b) the superannuation benefit was paid from a superannuation interest that supported a superannuation income stream; and


(c) the superannuation income stream met the requirement in paragraph 995-1.03(a) (as in force before the commencement of Schedule 6 to the Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017 ) when the superannuation benefit was paid; and


(d) the person to whom the superannuation benefit was paid made an election in relation to that payment under paragraph 995-1.03(b) (as in force before the commencement of that Schedule).




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