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Family Law Amendment (Annuities) Bill 2004
Schedule 1 Amendments commencing on 17 December 2004

   

Family Law Act 1975

1  After section 90AC

Insert:

90ACA   This Part not to apply to certain annuities

             (1)  The powers of the court under this Part do not apply to eligible annuities.

             (2)  In this section:

eligible annuity means an annuity (as defined in section 10 of the Superannuation Industry (Supervision) Act 1993 ) that is treated, for the purpose of Division 14 of Part III of the Income Tax Assessment Act 1936 , as being purchased wholly out of rolled-over amounts.