Sis act and regulations pdf

(Subregulations 1.03AB(2) and 6.01(2), regulation 6.01A, paragraphs 6.15A(1)(a) and (b), (2)(b), (3)(b), (4)(c) and (5)(c), subparagraph 6.16(3)(b)(ii) and paragraphs 6.18(3)(a), 6.19(3)(a), 6.23(3)(a) and 7A.01A(a) and (c))

Amount that is at least the amount of the temporary resident's withdrawal benefit in the fund, paid:

(b) in the case of the ground mentioned in paragraph 6.19A(1)(b)--in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of:

(i) 3 months' repayments; and

1. Preserved benefits: Non - commutable life pension or non - commutable life annuity

Any of the following:

(b) a non - commutable allocated annuity;

(c) a non - commutable allocated pension;

(d) a non - commutable annuity;

A former resident of Australia has:

(a) moved permanently to New Zealand; and

Amount that is at least the amount of the former resident's withdrawal benefit in the fund, paid:

(a) as a single lump sum; or

Amount that is at least the amount of the temporary resident's withdrawal benefit in the fund, paid:

A single lump sum, not exceeding the amount determined, in writing, by the Regulator, being an amount that:

(a) taking account of the ground and of the person's financial capacity, is reasonably required; and

(b) in the case of the ground mentioned in paragraph 6.19A(1)(b)--in each 12 month period (beginning on the date of first payment), does not exceed an amount equal to the sum of:

(i) 3 months' repayments; and

Any of the following:

(b) a non - commutable allocated annuity;

(c) a non - commutable allocated pension;

(d) a non - commutable annuity;

Note: The definitions set out in subregulation 6.01(2) apply, unless they are in material or expressed not to apply, to Schedule 1; see that subregulation.