Document ID: chunk:federal_register_of_legislation:C2004A00948:clause:3_27
Version: federal_register_of_legislation:C2004A00948
Segment Type: clause
Provision Reference: sch 3 cl 27
Character Range: 30065–30887

27  After subsection 5JB(2)
Insert:

Compliance with subsection (2) if certain conditions are met

 (2A) A contract, or the governing rules, for the provision to a person of an income stream that meets all of the requirements of subsection (2), except the requirement of paragraph (2)(c), are taken to meet the requirements of subsection (2) if the contract or governing rules specify that any provision included in the contract or governing rules in accordance with paragraph (2)(c) does not apply in any year in which:
 (a) the person ceases to receive income under an income stream jointly and begins to receive income under a single income stream; and
 (b) the total amount received in the year under the single income stream is less than the total amount received by the person in the previous year but is not nil.