Commonwealth Numbered Regulations

1994 No. 189 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 18

18.1 Paragraphs 6.11 (c) and (d): Omit the paragraphs, substitute:

"(c) the amounts specified in subregulation (2) that the fund receives in
respect of the member on or after the commencement day; and

   (d)  the amount of unrestricted non-preserved benefits received by the fund
        in respect of the member on or after the commencement day; and

   (e)  the amount of any investment earnings on the amounts mentioned in
        paragraphs (a), (b), (c) and (d).".

18.2 Regulation 6.11: Add at the end:

"(2) The amounts mentioned in paragraph (1) (c) are amounts that:

   (a)  will be taken by section 27D of the Tax Act to have been expended out
        of eligible termination payments within the meaning of that section;
        and

   (b)  have been received from sources other than:

        (i)    superannuation funds; or

        (ii)   approved deposit funds within the meaning of:

                (A)  the Act; or

                (B)  the Occupational Superannuation Standards Act 1987 as in
                     force immediately before the commencement of section 5 of
                     the Occupational  Superannuation Standards Amendment Act
                     1993 ; or

        (iii)  deferred annuities within the meaning of:

                (A)  this Part; or

                (B)  the Occupational Superannuation Standards Regulations.".