Document ID: chunk:federal_register_of_legislation:C2015A00107:clause:1_8
Version: federal_register_of_legislation:C2015A00107
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4143–4927

8  After subclause 136(3) of Schedule 1A
Insert:
 (3A) If:
 (a) this clause applies; and
 (b) an amount (the transitional amount) is worked out under subclause (2) in relation to a defined benefit income stream for a year starting on or after 1 January 2016; and
 (c) that income stream is not a military defined benefit income stream; and
 (d) that amount is worked out in relation to the operation of section 1099A or 1099D;
then, for the purposes of the operation of paragraph 1099A(2)(b) or 1099D(2)(b), the transitional amount is taken to be the deductible amount under subsection 1099A(1) or 1099D(1) in relation to that income stream for that year.
Note: The effect of this subclause is that the cap on the deductible amount under subsection 1099A(2) or 1099D(2) might apply.