Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p20
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 20/52)
Character Range: 119400–122053

the period; and
 (b) if the primary beneficiary dies within the period used for subparagraph (2)(e)(ii) and there is no surviving reversionary beneficiary, an amount, not exceeding the difference between the sum of the amounts paid to the primary beneficiary and the sum of the amounts that would have been so payable in the period, is payable to the primary beneficiary's estate; and
 (c) if the primary beneficiary dies within the period used for subparagraph (2)(e)(ii) and there is a surviving reversionary beneficiary who also dies within that period, there is payable to the reversionary beneficiary's estate an amount determined as described in paragraph (b) as if that paragraph applied to the reversionary beneficiary.
 (4) Rules:
 (a) that do not meet the standards in subregulation (2); and
 (b) that do not fix the size of payments of benefit in a year; and
meet the standards of this subregulation if they at least ensure that:
 (c) the standards in paragraphs (2)(g) and (h) are met; and
 (d) payments are made at least annually; and
 (e) for a pension that has a commencement day on or after 22 December 1992 and before 1 January 2006—the payments in a year (excluding payments by way of commutation but including payments made under a payment split) are not larger or smaller in total than, respectively, the maximum and minimum limits calculated in accordance with Schedule 1A; and
 (f) for a pension that has a commencement day on or after 1 January 2006—the payments in a year (excluding payments by way of commutation but including payments made under a payment split) are not larger or smaller in total than the following:
 (i) for payments made during the period starting on 1 January 2006 and ending on 30 June 2006—the respective maximum and minimum limits for the year calculated in accordance with 1 of the following Schedules:
 (A) Schedule 1A;
 (B) Schedule 1AAB;
 (ii) for payments made on or after 1 July 2006—the respective maximum and minimum limits for the year calculated in accordance with Schedule 1AAB.
Note: 22 December 1992 was the date of Royal Assent to the Taxation Laws Amendment (Superannuation) Act 1992.
 (5) For the purpose of determining whether rules meet the standards in subregulation (4), it is immaterial:
 (a) that:
 (i) the commencement day of the pension occurs on or after 1 June in a financial year; and
 (ii) the rules do not provide for the payment of an amount in that financial year that meets the standard for the minimum amount in that subregulation; or
 (b) that the rules do not ensure that the payments in the year in which the pension is to end meet the standard for the minimum amount