Document ID: chunk:federal_register_of_legislation:F2022C01068:reg:12
Version: federal_register_of_legislation:F2022C01068
Segment Type: reg
Provision Reference: reg 12
Character Range: 19597–20629

12  Asset‑test exempt income stream resulting from payment of superannuation contributions surcharge debt
  These Principles cover an asset‑test exempt income stream if:
 (a) it is covered by section 9A or 9B of the Act; and
 (b) it is purchased by the primary beneficiary on or after 20 September 2004; and
 (c) it results from another asset‑test exempt income stream (the original income stream) being commuted to pay a superannuation contributions surcharge debt; and
 (d) the original income stream was covered by section 9A or 9B of the Act; and
 (e) the original income stream:
 (i) was purchased before 20 September 2004; or
 (ii) was covered by the 2005 Principles during the period starting on 20 September 2004 and ending at the end of 19 September 2007; or
 (iii) was covered by the 2007 Principles during the period starting on 20 September 2007 and ending at the end of 28 November 2011; or
 (iv) until the commencement of these Principles, was covered by the 2011 Principles; or
 (v) was covered by these Principles.