Social Security (Retention of Exemption for Asset-test Exempt Income Streams) Principles 2022
9Asset‑test exempt income stream resulting from transfer to successor fund
Start here
Get a plain-English read of 9
Turn the raw legal text into a practical explanation grounded in Social Security (Retention of Exemption for Asset-test Exempt Income Streams) Principles 2022.
9 Asset‑test exempt income stream resulting from transfer to successor 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 results from the transfer, on or after 20 September 2004, of another income stream (the original income stream) to a successor fund; and (c) the original income stream was covered by section 9A or 9B of the Act; and (d) the original income stream was provided by a regulated superannuation fund; and (e) the original income stream: (i) was purchased before 20 September 2004; or (ii) was covered by the 2005 Principles during the period starting on 20 September 2004 and ending at the end of 19 September 2007; or (iii) was covered by the 2007 Principles during the period starting on 20 September 2007 and ending at the end of 28 November 2011; or (iv) until the commencement of these Principles, was covered by the 2011 Principles; or (v) was covered by these Principles.