SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 2) 1994 No. 109, 1994

Commonwealth Numbered Acts

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SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 2) 1994 No. 109, 1994 - SECT 49

Value of annuities

49. Section 1119 of the Principal Act is amended:

   (a)  by inserting after paragraph (2)(a) the following paragraph:

"(ab) an allocated annuity; or";

   (b)  by inserting after subsection (4) (and before the Annuity Value
        Calculator) the following subsection:



"(5) Subsection (4) does not apply to an allocated annuity. Note: For
'allocated annuity' see subsection 9(8).".

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