Superannuation Industry (Supervision) Regulations 1994

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:

the commutation occurs during the 5 years beginning on the day this regulation commences; and

the whole of the benefit is commuted.

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:

is not a defined benefit fund; or

is a self managed superannuation fund; or

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).