Document ID: chunk:federal_register_of_legislation:F2019L00450:reg:5
Version: federal_register_of_legislation:F2019L00450
Segment Type: reg
Provision Reference: reg 5
Character Range: 2544–3850

5  Schedules
  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

  6      Purpose
The purpose of this instrument is to set out the guidelines to be complied with when determining whether an actuarial certificate is in force and what constitutes a high probability that the provider of an income stream will be able to pay the income stream as required under a contract, or governing rules, for paragraphs 9A(1)(b) and 9B(1A)(b) of the Act, in order for that income stream to be an asset-test exempt income stream. This instrument also specifies the classes of providers of income streams who must provide an actuarial certificate for sections 9A and 9B of the Act.

  7      Class of provider
       (1)   For paragraphs 9A(1)(b) and 9B(1A)(b) of the Act, each of the following is a specified class of provider:
         (a)    Self managed superannuation fund income stream providers - other than providers of income streams from annuity backed self managed superannuation funds.
         (b)    Small APRA fund income stream providers - other than providers of income streams from annuity backed small APRA funds.