Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT (No. 3) 1992 No. 230, 1992 - SECT 139

139. Section 1119 of the Principal Act is amended:

   (a)  by inserting after paragraph (2)(a) the following paragraph:

"(a) an allocated annuity; or";

   (b)  by inserting after subsection (4) (and before the Annuity Value
        Calculator) the following subsection:

"(5) Subsection (4) does not apply to an allocated annuity. Note 1: for
'allocated annuity' see subsection 9(8). Note 2: for the treatment of
allocated annuities until 25 March 1993 see section 1099AA. Note 3: after 25
March 1993 allocated annuities are to be treated as managed investments (see
paragraph 9(1B)(g) and Subdivision AA of Division 1 of Part 3.10).".