Document ID: chunk:federal_register_of_legislation:F2024C01248:reg:5:p13
Version: federal_register_of_legislation:F2024C01248
Segment Type: reg
Provision Reference: reg 5 (pt 13/13)
Character Range: 123593–125501

mentioned in subparagraph (a)(i), (ii) or (iii) of this section payable to the deceased mentioned in paragraph 307‑70.02(2)(a);
 (c) a superannuation benefit payable from a superannuation interest that supports a new superannuation income stream in relation to which subsection 307‑70.02(4) applies (as affected by subsection 307‑70.02(5)), if the superannuation income stream payable to the deceased mentioned in paragraph 307‑70.02(4)(a) was a pension mentioned in subparagraph (a)(i), (ii) or (iii) of this section.
Note 1: Certain assets that enable a superannuation fund to discharge liabilities in respect of superannuation income stream benefits that are RP superannuation income stream benefits and are prescribed under this section are segregated current pension assets of the fund (see subsection 295‑385(4) of the Act).
Note 2: Section 307‑205.02 does not apply to a superannuation income stream mentioned in paragraph (a) of this section (see paragraph 307‑205.02(2)(a)).

Subdivision 295‑G—Deductions

295‑465.01  Complying funds—deductions for insurance premiums
 (1) For the purposes of subsections 295‑465(1B) and (2A) of the Act, the proportion specified in an item in the following table in relation to an insurance policy specified in the item may be treated:
 (a) as being attributable to the liability of the complying superannuation fund which pays for the policy to provide benefits referred to in section 295‑460 of the Act; and
 (b) as being the amount a complying superannuation fund could reasonably be expected to pay in an arm's length transaction to obtain an insurance policy to cover it for its current or contingent liabilities to provide benefits referred to in section 295‑460 of the Act.

Deductible portion of premiums
Item                            Insurance policy                                                                                  Specified proportion %