26Partially asset‑test exempt income stream resulting from payment of hardship amount

26 Partially asset‑test exempt income stream resulting from payment of hardship amount

These Principles cover an income stream if: (a) it is purchased by the primary beneficiary on or after 20 September 2007; and (b) it results from a partially asset‑test exempt income stream (the original income stream) being commuted to pay a hardship amount; and (c) the original income stream was covered by section 9A, 9B or 9BA of the Act or would have been covered by those sections if paragraph 9A(1)(aa), subparagraph 9B(1)(a)(i) or subparagraph 9BA(1)(a)(i) of the Act did not apply; and (d) the original income stream: (i) was purchased on or after 20 September 2004 and before 20 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.