Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:1_7:p1
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 1 cl 7 (pt 1/3)
Character Range: 25832–28807

7                                       the Commissioner gives you a notice under section 136‑70 in Schedule 1 to the Taxation Administration Act 1953 (about non‑commutable excess transfer balance)                                            the amount of the *excess transfer balance stated in the notice                                                                                                                                                          at the time the Commissioner issues the notice

Structured settlement contributions
 (2) Each of the following is a structured settlement contribution in respect of you:
 (a) a contribution to a *complying superannuation plan in respect of you that is covered under section 292‑95 (about structured settlements or orders for personal injuries);
 (b) a contribution to a complying superannuation plan in respect of you that would be covered under section 292‑95 if:
 (i) the section applied to contributions made before 10 May 2006; and
 (ii) paragraphs 292‑95(1)(b) and (d) were disregarded.

294‑85  Certain events that result in reduced superannuation
 (1) A *transfer balance debit arises in your *transfer balance account if:
 (a) subsection (2) or (5) provides that the debit arises; and
 (b) you notify the Commissioner in the *approved form that the debit has arisen.

Fraud or dishonesty
 (2) A debit arises if:
 (a) a loss is suffered by a *superannuation income stream provider; and
 (b) as a result, the *value of the *superannuation interest that supports a *superannuation income stream of which you are the *retirement phase recipient is reduced; and
 (c) the loss is a result of fraud or dishonesty; and
 (d) an individual has been convicted of an offence involving that fraud or dishonesty.
 (3) The amount of the debit equals the amount by which the *value of the *superannuation interest is reduced as a result of the loss.
 (4) The debit arises at the time of the loss.

Payments under section 139ZQ of the Bankruptcy Act 1966
 (5) A debit arises if:
 (a) an amount is paid in compliance with a notice given under section 139ZQ of the Bankruptcy Act 1966; and
 (b) as a result, the *value of a *superannuation interest that supports a *superannuation income stream of which you are the *retirement phase recipient is reduced.
 (6) The amount of the debit is the amount paid to the trustee in bankruptcy.
 (7) The debit arises at the time of the payment.

294‑90  Payment splits
 (1) A *transfer balance debit arises in your *transfer balance account if:
 (a) subsection (2) provides that the debit arises; and
 (b) the Commissioner is notified in the *approved form that the debit has arisen.

Payment splits
 (2) A debit arises if:
 (a) a *superannuation interest is subject to a *payment split but remains an interest of the *member spouse; and
 (b) the superannuation interest supports a *superannuation income stream that is in the *retirement phase; and
 (c) as a result of the payment split,