Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of subparagraphs 1.05(2)(f)(iiia), (9)(h)(via) and (10)(d)(iva), this subregulation applies to a commutation of a benefit if:
(a) the commutation occurs during the 5 years beginning on the day this regulation commences; and
(b) the whole of the benefit is commuted.
(2) For the purposes of subparagraph 1.05(2)(f)(iiia), this subregulation applies to a commutation of a benefit if the superannuation fund that purchases the benefit or provides the consideration for the benefit:
(a) is not a defined benefit fund; or
(b) is a self managed superannuation fund; or
(c) was, when the benefit commenced to be paid and at all earlier times, a small APRA fund (within the meaning of the Corporations Act 2001 ).