Following on from last week’s post, one issue that was raised with me related to the concept of an 'interdependency relationship' under the superannuation rules.
Again, for those who have not had cause to look at it recently, this definition is worth reviewing closely and an extract of it is included below.
Two persons (whether or not related by family) have an interdependency relationship under this section if:
(a) they have a close personal relationship; and
(b) they live together; and
(c) one or each of them provides the other with financial support; and
(d) one or each of them provides the other with domestic support and personal care.
In addition, two persons (whether or not related by family) also have an interdependency relationship under this section if:
1. they have a close personal relationship; and
2. they do not satisfy one or more of the requirements of an interdependency relationship mentioned in paragraphs (a), (b), (c) and (d); and
3. the reason they do not satisfy those requirements is that either or both of them suffer from a physical, intellectual or psychiatric disability.
A link the above definition is as follows:
http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s302.200.html
Until next week.
