Document ID: chunk:federal_register_of_legislation:C2025C00029:section:8:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 8 (pt 1/3)
Character Range: 4571783–4574822

8                                       a *transfer balance debit arises under regulations made for the purposes of this item                                                                                                                                  the amount of the debit worked out in accordance with the regulations                                                                                                                                                    at the time specified in the regulations

Structured settlement contributions
 (2) Each of the following is a structured settlement contribution in respect of you:
 (a) a contribution to a *complying superannuation plan in respect of you that is covered under section 292‑95 (about structured settlements or orders for personal injuries);
 (b) a contribution to a complying superannuation plan in respect of you that would be covered under section 292‑95 if:
 (i) the section applied to contributions made before 10 May 2006; and
 (ii) paragraphs 292‑95(1)(b) and (d) were disregarded.

Regulations may provide for exceptions
 (3) The regulations may provide that an item of the table in subsection (1) does not apply to a class of *superannuation income streams specified in the regulations.

294‑85  Certain events that result in reduced superannuation
 (1) A *transfer balance debit arises in your *transfer balance account if:
 (a) subsection (2) or (5) provides that the debit arises; and
 (b) you notify the Commissioner in the *approved form that the debit has arisen.

Fraud or dishonesty
 (2) A debit arises if:
 (a) a loss is suffered by a *superannuation income stream provider; and
 (b) as a result, the *value of the *superannuation interest that supports a *superannuation income stream of which you are the *retirement phase recipient is reduced; and
 (c) the loss is a result of fraud or dishonesty; and
 (d) an individual has been convicted of an offence involving that fraud or dishonesty.
 (3) The amount of the debit equals the amount by which the *value of the *superannuation interest is reduced as a result of the loss.
 (4) The debit arises at the time of the loss.

Payments under section 139ZQ of the Bankruptcy Act 1966
 (5) A debit arises if:
 (a) an amount is paid in compliance with a notice given under section 139ZQ of the Bankruptcy Act 1966; and
 (b) as a result, the *value of a *superannuation interest that supports a *superannuation income stream of which you are the *retirement phase recipient is reduced.
 (6) The amount of the debit is the amount paid to the trustee in bankruptcy.
 (7) The debit arises at the time of the payment.

294‑90  Payment splits
 (1) A *transfer balance debit arises in your *transfer balance account if:
 (a) subsection (2) provides that the debit arises; and
 (b) the Commissioner is notified in the *approved form that the debit has arisen.

Payment splits
 (2) A debit arises if:
 (a) a *superannuation interest is subject to a *payment split but remains an interest of the *member spouse; and