18Commutation of asset‑test exempt income stream resulting from the closure of a regulated superannuation fund or sub fund

18 Commutation of asset‑test exempt income stream resulting from the closure of a regulated superannuation fund or sub fund

These Principles cover an asset‑test exempt income stream if: (a) it is covered by section 9A or 9B of the Act; and (b) it is purchased or acquired on or after 20 September 2004; and (c) it results from another asset‑test exempt income stream (the original income stream) being commuted as a result of the closure of a regulated superannuation fund or sub-fund; and (d) it does not result from another asset‑test exempt income stream (the original income stream) being commuted as a result of the closure of a self managed superannuation fund; and (e) the original income stream was: (i) covered by section 9A or 9B of the Act; and (ii) sourced from a regulated superannuation fund; and (f) the original income stream: (i) was covered by the 2005 Principles during the period starting on 20 September 2004 and ending at the end of 19 September 2007; or (ii) was covered by the 2007 Principles during the period starting on 20 September 2007 and ending at the end of 28 November 2011; or (iii) until the commencement of these Principles, was covered by the 2011 Principles; or (iv) was covered by these Principles.