Document ID: chunk:federal_register_of_legislation:C2004A00948:clause:3_24
Version: federal_register_of_legislation:C2004A00948
Segment Type: clause
Provision Reference: sch 3 cl 24
Character Range: 28534–29418

24  Subparagraphs 5JB(2)(h)(iii) and (iv)
Repeal the subparagraphs, substitute:
 (iii) if the legal or equitable interest in the payment resulting from the commutation is transferred on the death of a person to the benefit of a reversionary beneficiary, and on the death of a reversionary beneficiary to the benefit of another reversionary beneficiary or, if there is no other reversionary beneficiary, to the estate of the reversionary beneficiary; or
 (iv) if the legal or equitable interest in the payment resulting from the commutation is transferred on the death of a person to the person's estate and there is no reversionary beneficiary; or
 (v) to the extent necessary to cover any superannuation contributions surcharge that the person is liable to pay in his or her capacity as purchaser of the income stream; or
 (vi) to the extent necessary to pay a hardship amount; and