Document ID: chunk:federal_register_of_legislation:C2004A00839:clause:2_12
Version: federal_register_of_legislation:C2004A00839
Segment Type: clause
Provision Reference: sch 2 cl 12
Character Range: 62935–63623

12  Subparagraphs 9B(2)(h)(iii) and (iv)
Repeal the subparagraphs, substitute:
 (iii) if the legal or equitable interest in the payment resulting from the commutation is transferred on the death of a person to the benefit of a reversionary beneficiary, and on the death of a reversionary beneficiary to the benefit of another reversionary beneficiary or, if there is no other reversionary beneficiary, to the estate of the reversionary beneficiary; or
 (iv) to the extent necessary to cover any superannuation contributions surcharge that the person is liable to pay in his or her capacity as purchaser of the income stream; or
 (v) to the extent necessary to pay a hardship amount; and