8Early release payments for severe financial hardship

8 Early release payments for severe financial hardship

(1) This section applies to the person if the person would be in severe financial hardship for the purposes of Schedule 1 to the SIS Regulations if the modifications in subsection (2) were made. (2) Treat subregulations 6.01(5) and (5A) of the SIS Regulations as if: (a) each reference in subregulation 6.01(5) to the trustee of a superannuation entity were a reference to the Trust; and (b) the application referred to in those subregulations were instead an application to the Trust for a determination under subsection 22DI(1) of the Act because of the ground set out in this section.