Document ID: chunk:federal_register_of_legislation:F2021L00865:clause:1_6
Version: federal_register_of_legislation:F2021L00865
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 3804–5087

6  Class of debts
  For section 1237AB of the Act, a debt is in a specified class of debts if:
           (a)    it is a debt due to the Commonwealth by a person under section 1223A of the Act; and
           (b)    the debt did not arise because the person knowingly made a false or misleading statement, or knowingly provided false information to the Commonwealth; and
           (c)    before the commencement of this instrument, the income stream that is relevant for the purposes of section 1223A:
                (i)     was:
                    (A)      an asset-test exempt income stream which met the requirements of either sections 9A or 9B of the Act; or
                    (B)      an asset-tested income stream (long term) that was previously an asset-test exempt income stream which failed to meet the requirements of either paragraph 9A(1)(b) or 9B(1A)(b) of the Act; and
                (ii)   was sourced from:
                    (A)      a self managed superannuation fund; or
                    (B)      a small APRA fund; and
           (d)    on or after the commencement of this instrument, the income stream that is relevant for the purposes of section 1223A is commuted and rolled over to purchase a 100 percent asset tested market-linked income stream.