Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p7
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 7/12)
Character Range: 4807771–4810698

the operation of item 2 of the table in subsection 294‑80(1); and
 (ii) then, reducing the sum worked out under subsection (1) (having regard to subparagraph (i) of this paragraph) by the sum of any such structured settlement contributions.

Modification for account‑based income streams
 (3) For the purposes of working out the *transfer balance mentioned in paragraph (1)(b):
 (a) if a *transfer balance credit has arisen, at or before that time, in your *transfer balance account in respect of a *superannuation income stream covered by subsection (4)—disregard the operation of the following provisions in relation to the superannuation income stream:
 (i) items 1 and 2 of the table in subsection 294‑25(1);
 (ii) items 1, 3, 4, 5 and 6 of the table in subsection 294‑80(1); and
 (b) if, at that time, you have a *superannuation interest that supports a superannuation income stream covered by subsection (4) of this section—increase the amount of that balance by the total amount of the *superannuation benefits that would become payable if:
 (i) you had the right to cause the superannuation interest to cease at that time; and
 (ii) you voluntarily caused the superannuation interest to cease at that time.
 (4) This subsection covers a *superannuation income stream that is any of the following:
 (a) an *allocated annuity;
 (b) an *allocated pension;
 (c) an allocated pension (within the meaning of the Retirement Savings Accounts Regulations 1997);
 (d) an *account‑based annuity;
 (e) an account‑based pension (within the meaning of the Superannuation Industry (Supervision) Regulations 1994);
 (f) an account based pension (within the meaning of the Retirement Savings Accounts Regulations 1997);
 (g) a market linked annuity (within the meaning of the Superannuation Industry (Supervision) Regulations 1994);
 (h) a market linked pension (within the meaning of the Superannuation Industry (Supervision) Regulations 1994);
 (i) a market linked pension (within the meaning of the Retirement Savings Accounts Regulations 1997).

307‑231  Limited recourse borrowing arrangements
 (1) You have an amount under this section (an LRBA amount), in relation to a *regulated superannuation fund in which you have one or more *superannuation interests, if:
 (a) the *superannuation provider in relation to the fund has a *borrowing under an *arrangement that is covered by the exception in subsection 67A(1) of the Superannuation Industry (Supervision) Act 1993 (which is about limited recourse borrowing arrangements); and
 (b) the borrowing has not been repaid at the time of working out your *total superannuation balance; and
 (c) at that time, the asset or assets that secure the borrowing support, to an extent, a superannuation interest of yours; and
 (d) the fund is a *small superannuation fund at that time; and
 (e) either:
 (i) you have satisfied (whether at or before that time) a condition of release specified