Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of item 8 of the table in subsection 294 - 80(1) of the Act, a transfer balance debit arises under this section in your transfer balance account if:
(a) you are the retirement phase recipient of a superannuation income stream; and
(b) the superannuation income stream is a capped defined benefit income stream that:
(i) is covered by item 1 or 2 of the table in subsection 294 - 130(1) of the Act; or
(ii) is prescribed by section 294 - 130.01 of this instrument (but is not a superannuation income stream to which subsection 294 - 130.01(5) of this instrument applies); and
(c) you are entitled to receive a superannuation income stream benefit (the earlier benefit ) from the superannuation income stream at a time (the earlier time ); and
(d) the amount of the next superannuation income stream benefit (the later benefit ) that you are entitled to receive from the superannuation income stream falls short of the amount of the earlier benefit; and
(e) that shortfall is not attributable to any of the following:
(i) circumstances that cause a transfer balance debit to arise in your transfer balance account (other than because of this section);
(ii) a CPI adjustment in the amount of superannuation income stream benefits that you are entitled to receive from the superannuation income stream.
(2) The amount of the debit is:
(a) the special value, just before the earlier time, of the superannuation interest that supports the superannuation income stream; less
(b) the special value, just before the time (the later time ) at which you are entitled to receive the later benefit, of that superannuation interest.
(3) The debit arises at the later time.