Document ID: chunk:federal_register_of_legislation:C2017A00055:clause:1_13
Version: federal_register_of_legislation:C2017A00055
Segment Type: clause
Provision Reference: sch 1 cl 13
Character Range: 9686–10845

13  Subsection 307‑80(3)
Repeal the subsection, substitute:
 (3) However, a *superannuation income stream from which a*superannuation income stream benefit is payable is not in the retirement phase at a time if:
 (a) the superannuation income stream is any of the following:
 (i) a transition to retirement income stream (within the meaning of Part 6 of the Superannuation Industry (Supervision) Regulations 1994);
 (ii) a non‑commutable allocated annuity (within the meaning of those regulations);
 (iii) a non‑commutable allocated pension (within the meaning of those regulations);
 (iv) a transition to retirement pension (within the meaning of Part 4 of the Retirement Savings Accounts Regulations 1997);
 (v) a non‑commutable allocated pension (within the meaning of those regulations); and
 (b) at or before that time, the person to whom the benefit is payable:
 (i) has not satisfied a condition of release specified in paragraph (2)(c); or
 (ii) has satisfied a condition of release specified in subparagraph (2)(c)(i), (ii) or (iii), but has not notified the *superannuation income stream provider for the superannuation income stream of that fact.