Income Tax (Transitional Provisions) Act 1997

Section 307‑125 also applies to a superannuation income stream (the later income stream) if:

the later income stream commenced using only the amount of an involuntary roll‑over superannuation benefit:

covered by paragraph 306‑12(a) of the Income Tax Assessment Act 1997; and

paid from a superannuation interest (the earlier interest); and

immediately before that benefit was paid:

the earlier interest was supporting another superannuation income stream (the earlier income stream); and

section 307‑125 of this Act applied to the earlier income stream because of subsection (1) of that section.

Section 307‑125 applies to the later income stream as if:

references in that section to the later income stream (in relation to a time, or event happening, before the payment of that involuntary roll‑over superannuation benefit) include references to the earlier income stream; and

references in that section to the superannuation interest supporting the later income stream (in relation to a time, or event happening, before the payment of that benefit) include references to the earlier interest.