Reviewing actuarial certificates for lifetime or life expectancy asset test exempt income streams from Self Managed or Small APRA Super Funds 110-02060050

This page contains links to policy and legislation.

Policy

Social Security Guide, 4.9.4.40, Actuarial Valuation Certificate for Lifetime or Life Expectancy ATE Income Streams Paid from SMSFs or SAFs

Social Security Guide, 4.9.2.17, Retention of Asset Test Exemption for ATE Income Streams Purchased from 20/09/2004, or from 20/09/2007

Legislation

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Social Security Act 1991

• section 9A(1), Meaning of asset-test exempt income stream-lifetime income streams
• section 9A(1B), Guidelines relating to actuarial certificates
• subsection 1B, ‘The Secretary may determine, in writing guidelines to be complied with when determining whether an actuarial certificate is in force', for details of when paragraph (1)(b) does not apply, see section 9A(1C)
• section 9B(1), Meaning of asset-test exempt income stream-life expectancy income streams
• subsection 1A applies, see section 9B(1A), for details of when paragraph (1A)(b) does not apply, section 9B(1C)
• section 9B(1D)
• subsection 1D, The Secretary may determine in writing, guidelines to be complied with when determining whether an actuarial certificate is in force
• section 9BA, Meaning of asset-test exempt income stream - market linked income streams
• section 1237AB, Secretary may waive debts of a particular class

Social Security (Actuarial Certificate - Lifetime Income Stream Guidelines) Determination 2012

Social Security (Actuarial Certificate - Life Expectancy Income Stream Guidelines) Determination 2012