Document ID: chunk:federal_register_of_legislation:F2025C00069:clause:1_107
Version: federal_register_of_legislation:F2025C00069
Segment Type: clause
Provision Reference: sch 1 cl 107
Character Range: 807088–809003

107       The Regulator has determined under subregulation 6.19A(2) that a specified amount of benefits in the regulated superannuation fund may be released on a compassionate ground                                                                                                         A single lump sum, not exceeding an amount determined, in writing, by the Regulator, being an amount that:
                                                                                                                                                                                                                                                                                               (a) taking account of the ground and of the person's financial capacity, is reasonably required; and
                                                                                                                                                                                                                                                                                               (b) in the case of the ground mentioned in paragraph 6.19A(1)(b)—in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of:
                                                                                                                                                                                                                                                                                               (i) 3 months' repayments; and
                                                                                                                                                                                                                                                                                               (ii) 12 months' interest on the outstanding balance of the loan