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 or were a retirement phase recipient of a deferred superannuation income stream mentioned in subsection 307 - 205.02C(1) of this instrument supported by a superannuation interest; and
(b) but for section 294 - 80.03 of this instrument, a transfer balance debit would arise at a time under item 5 or 6 of the table in subsection 294 - 80(1) of the Act in your transfer balance account because of the superannuation income stream.
(2) The amount of the debit is the total amount of the superannuation benefits that would be payable if you voluntarily caused the superannuation interest to cease at that time.
(3) The debit arises at that time.