Income Tax Amendment Regulations 2002 (No. 6) (215 of 2002)
Schedule 1 Amendments
[1] Regulation 53J
substitute
53J Pension and annuity standards (Act s 140L)
For section 140L of the Act, the circumstances set out in the table are circumstances in which a pension or annuity is treated as meeting the pension standards mentioned in that section.
|
Pension or annuity |
Circumstances |
|---|---|
|
Annuity |
The annuity meets the standards set out in subregulation 1.05 (2) or (9) of the SIS Regulations. |
|
Pension |
The pension meets the standards set out in subregulation 1.06 (2) or (7) of the SIS Regulations ( the SIS pension standards) |
|
Superannuation pension taken to have commenced under paragraph 140M (1A) (e) of the Act |
The superannuation pension mentioned in paragraph 140M (1A) (c) of the Act (that would have been paid to the original payee if there had not been a payment split) would have met the SIS pension standards |
|
Superannuation pension taken to have commenced under paragraph 140M (1C) (g) of the Act |
The superannuation pension mentioned in paragraph 140M (1C) (a) of the Act (that was paid before the payment split) met the SIS pension standards immediately before the payment split |
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