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Disposal preclusion period
When a person disposes of more than $10,000 in a designated year, they are in a disposal preclusion period and their membership of the pension bonus scheme is non-accruing. Disposal under the RAFS and RASF schemes do not attract a disposal preclusion period.
Designated year is a term relevant to pension bonus disposal preclusion period. For a person the designated year is:
- the 12-month period ending on the person's special date of eligibility for a designated pension and
- each preceding 12-month period; and
- each succeeding 12-month period.
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