Document ID: chunk:federal_register_of_legislation:F2025L00123:reg:5
Version: federal_register_of_legislation:F2025L00123
Segment Type: reg
Provision Reference: reg 5
Character Range: 3036–4084

5         Annuity contracts                                              Amount paid to the person by life insurance business within the meaning of the Life Insurance Act 1995 or superannuation fund as defined in subsection 10(1) of the Superannuation Industry (Supervision) Act 1993 as the minimum amount payable consistent with the need to convert the person's existing annuity contract to an asset test exempt product if—
                                                                              1.    the person has an annuity contract with the life insurance business or superannuation fund that was current on 20 September 1998; and
                                                                              2.    the person received an income support payment, within the meaning of the Social Security Act 1991, on 19 September 1998; and
                                                                              3.      the annuity contract was converted to an asset test exempt product between 20 September 1998 and 31 July 1999