Document ID: chunk:federal_register_of_legislation:C2004A00839:clause:2_14
Version: federal_register_of_legislation:C2004A00839
Segment Type: clause
Provision Reference: sch 2 cl 14
Character Range: 64105–64863

14  After subsection 9B(2)
Insert:

 (2A) A contract, or the governing rules, for the provision to a person of an income stream that meets all of the requirements of subsection (2), except the requirement of paragraph (2)(c), are taken to meet the requirements of subsection (2) if the contract or governing rules specify that any provision included in the contract or governing rules in accordance with paragraph (2)(c) does not apply in any year in which:
 (a) the person ceases to receive income under an income stream jointly and begins to receive income under a single income stream; and
 (b) the total amount received in the year under the single income stream is less than the total amount received by the person in the previous year but is not nil.