16Asset‑test exempt income stream resulting from commutation or rollover because of regulation 6.21 of Superannuation Industry (Supervision) Regulations 1994

16 Asset‑test exempt income stream resulting from commutation or rollover because of regulation 6.21 of Superannuation Industry (Supervision) Regulations 1994

These Principles cover an asset‑test exempt income stream if: (a) it is covered by section 5JA or 5JB of the Act; and (b) it is purchased by the primary beneficiary on or after 1 July 2007; and (c) it results from another asset‑test exempt income stream (the original income stream) being commuted or rolled over to comply with subregulation 6.21 (2A) of the Superannuation Industry (Supervision) Regulations 1994; and (d) the original income stream was covered by section 5JA or 5JB of the Act; 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 24 November 2011; or (iv) until the commencement of these Principles, was covered by the 2011 Principles; or (v) was covered by these Principles.