Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This section applies for the purposes of the continuing application of the old regulations in relation to a superannuation income stream that:
(a) commenced before the 2021 commencement time; and
(b) is supported by a superannuation interest covered by subsection 294 - 135.01(6) of this instrument.
(2) This section applies despite subsection 1000 - 1.06(1).
(3) For the purposes mentioned in subsection (1), treat the special value of the superannuation interest at a time (the relevant time ) that is before the 2021 commencement time as being the special value of the superannuation interest at the relevant time worked out under section 294 - 135.01, as amended by the amending instrument.
(4) To avoid doubt, for the purposes of subsection (3), assume that section 294 - 135.01, as amended by the amending instrument:
(a) applies in relation to a transfer balance credit that arises before the 2021 commencement time (despite subsection 1000 - 1.06(6)); and
(b) applies in relation to working out the special value, at a particular time, of a superannuation interest even if the particular time is before the 2021 commencement time (despite section 1000 - 6.02).
(5) For the purposes mentioned in subsection (1), if the superannuation income stream mentioned in that subsection ceased before the 2021 commencement time, treat section 294 - 80.02B of this instrument as applying in relation to that cessation.