Superannuation Industry (Supervision) Regulations 1994

For the purposes of subparagraphs 1.06(2)(e)(iiia), (7)(g)(va) and (8)(d)(iva), this subregulation applies to a commutation of a benefit if:

the benefit is commuted during the 5 years beginning on the day this regulation commences; and

the whole of the benefit is commuted.

For the purposes of subparagraph 1.06(2)(e)(iiia), this subregulation applies to a commutation of a benefit if the fund providing 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).