Document ID: chunk:federal_register_of_legislation:F2023C00046:clause:1_10
Version: federal_register_of_legislation:F2023C00046
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 20115–21646

10  Guidelines for asset‑test exempt income stream resulting from transfer to successor fund
      The Commission may determine that an income stream is an asset‑test exempt income stream for the purposes of the Act if:
 (a) it would have been covered by section 5JA(1) or 5JB(1) of the Act, if:
 (i) paragraph 5JA(1)(aa); or
 (ii) subparagraph 5JB(1)(a)(i);
           of the Act did not apply; and
          (b) it results from the transfer, on or after 20 September 2007, of another income stream (the original income stream) to a successor fund; and
          (c) the original income stream was covered by section 5JA or 5JB of the Act or would have been covered by those sections, if:
 (i) paragraph 5JA(1)(aa); or
 (ii) subparagraph 5JB(1)(a)(i);
           of the Act did not apply; and
          (d) the original income stream was provided by a regulated superannuation fund; and
          (e) the original income stream:
           (i) was purchased before 20 September 2004; or
           (ii) was covered by the 2005 Principles during the period starting on 20 September 2004 and ending at the end of 19 September 2007; or
           (iii) was covered by the 2007 Determination during the period starting on 20 September 2007 and ending at the end of 24 November 2011; or
           (iv) was covered by the 2011 Determination during the period starting on 25 November 2011 and ending at the end of the day immediately prior to the commencement of this Determination; or
           (v) is covered by this Determination.