Document ID: chunk:federal_register_of_legislation:C2004A01115:clause:1_70:p2
Version: federal_register_of_legislation:C2004A01115
Segment Type: clause
Provision Reference: sch 1 cl 70 (pt 2/2)
Character Range: 41890–42782

if the whole of the payment resulting from the commutation of the income stream referred to in paragraph (8)(a) is used in the payment of:
 (a) a hardship amount; or
 (b) superannuation contributions surcharge that the person is liable to pay in his or her capacity as purchaser of that income stream.

 (10) For the purposes of this section:
 (a) 2 or more asset‑test exempt income streams constitute a succession of asset‑test exempt income streams if each income stream (other than the first of those income streams to be provided) has been funded by means of the payment, or part of the payment, resulting from the commutation of another of those income streams; and
 (b) an income stream is the first income stream in a succession of income streams if it is the first of those income streams to be provided.

 (11) In this section:

hardship amount has the same meaning as in section 9A.