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Deferred annuity (DA)

A DA as defined in section 5J(1) of the VEA means an annuity that is a deferred annuity for the purposes of Subdivision AA of Division 2 of Part III of the Income Tax Assessment Act 1993.

A DA is an investment vehicle created specifically for the investment of eligible termination payments up to age 65, which also allows the investor to commence an annuity payment no later than age 65.

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