Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsIn these Regulations, unless the contrary intention appears:
Act means the Income Tax Assessment Act 1997 .
defined benefit member :
(a) means a member of a superannuation fund whose entitlements to superannuation benefits (other than benefits payable on death or disability) are defined by reference to 1 or more of the following matters:
(i) the member's salary, or allowance in the nature of salary, at a particular date or averaged over a period;
(ii) another individual's salary, or allowance in the nature of salary, at a particular date or averaged over a period;
(iii) a specified amount;
(iv) specified conversion factors; but
(b) does not include a member of a superannuation fund whose entitlements to superannuation are defined solely by reference to 1 or more of the following matters:
(i) the member's disability superannuation benefits;
(ii) the member's superannuation death benefits;
(iii) payments of amounts mentioned in paragraph 307‑10 (a) of the Act (which relates to temporary disability payments).
new entrant rate means the rate of that kind worked out using Schedule 1A.
RSA Act means the Retirement Savings Accounts Act 1997 .
RSA Regulations means the Retirement Savings Accounts Regulations 1997 .
SIS Act means the Superannuation Industry (Supervision) Act 1993 .
SIS Regulations means the Superannuation Industry (Supervision) Regulations 1994 .
superannuation annuity means:
(a) an income stream:
(i) that is issued by a life insurance company or registered organisation; and
(ii) that commenced before 20 September 2007; and
(iii) that is an annuity within the meaning of:
(A) subsection 10 (1) of the SIS Act; or
(B) subregulation 1.07 (1A) of the RSA Regulations; or
(b) an income stream that:
(i) is issued by a life insurance company or registered organisation; and
(ii) meets the standards set out in subregulation 1.05 (1) of the SIS Regulations.
superannuation income stream means:
(a) an income stream that is taken to be:
(i) an annuity for the purposes of the SIS Act in accordance with subregulation 1.05 (1) of the SIS Regulations; or
(ii) a pension for the purposes of the SIS Act in accordance with subregulation 1.06 (1) of the SIS Regulations; or
(iii) a pension for the purposes of the RSA Act in accordance with regulation 1.07 of the RSA Regulations; or
(b) an income stream that:
(i) is an annuity or pension within the meaning of the SIS Act; and
(ii) commenced before 20 September 2007.
superannuation income stream benefit means a payment from an interest that supports a superannuation income stream, other than a payment to which regulation 995-1.03 applies.
superannuation salary means the salary used to determine a person's entitlement to superannuation benefits.
"terminal medical condition" has the meaning given by regulation 303-10.01.