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Conditions of release
When determining the assessment day for asset-tested income streams (lifetime) that are purchased with superannuation monies, the following are relevant conditions of release:
- having a terminal medical condition;
- being permanently incapacitated; and
- attaining age 65.
The meanings of these conditions of release are as determined in the Superannuation Industry (Supervision) Act 1993.
VEA: subsection 52BAB(9)
More: Means Test Assessment of Asset-tested Income Streams (lifetime)
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