Document ID: chunk:federal_register_of_legislation:C2024C00458:clause:5_195:p3
Version: federal_register_of_legislation:C2024C00458
Segment Type: clause
Provision Reference: sch 5 cl 195 (pt 3/4)
Character Range: 821372–824160

name of the reversionary beneficiary and the percentage of the income stream that the reversionary beneficiary will receive; and
 (xv) if the income stream was purchased before 20 September 2007—whether the income stream satisfies section 9A, 9B or 9BA of the 1991 Act, as those sections applied immediately before that date; and
 (xvi) if the income stream was purchased on or after 20 September 2007—whether the income stream was purchased with funds resulting from the commutation of an asset‑test exempt income stream and whether it is eligible to retain its asset‑test exempt income stream status; and
 (xvii) if the income stream is commuted—the date of commutation and the commuted amount; and
 (xviii) if the income stream is a defined benefit income stream—the deductible amount for the year in which the notice is given and the method used to work out the tax free components of that deductible amount; and
 (xix) if payments made under the income stream represent an amount for a child of the person—the number of children for which payment is made and the gross amount of each payment made under the income stream for each child; and
 (xx) any other information required by the Minister in an instrument made under subsection (3A);
 (k) for the purposes of Part 3C (schooling requirements), in relation to a schooling requirement child—any information relevant to the child's past or present enrolment, or attendance, at school (within the meaning of that Part);
 (l) for the purposes of Part 3C (schooling requirements), in relation to a person in respect of whom a compliance notice is in force—any information relevant to the person's compliance with the notice.
 (3) The Secretary may require information about a particular class of persons whether or not the Secretary is able to identify any of the persons in that class as being:
 (a) persons:
 (i) who have received; or
 (ii) who are receiving; or
 (iii) who have made claims for;
  social security payments; or
 (b) persons:
 (i) who are the holders of concession cards; or
 (ii) who have made claims for concession cards; or
 (c) persons who have applied for financial supplement.
 (3A) The Minister may, by legislative instrument, specify information required to be given in relation to an income stream received by a person.
 (3B) Before making an instrument under subsection (3A), the Minister must consult the Information Commissioner in relation to matters that relate to the privacy functions (within the meaning of the Australian Information Commissioner Act 2010) and have regard to any submissions made by the Information Commissioner because of that consultation.
 (4) Within 13 weeks after information is given in response to a requirement under subsection (1), the Secretary must decide which (if any) of