The Government has released regulations which give effect to the Government's
decision to halve the minimum payment amounts for account-based
pensions for this financial year.

The Superannuation Industry (Supervision) Amendment
Regulations 2009 (No. 2) reduce the minimum payment amounts for
account-based, allocated and market-linked (term allocated) pensions by
50 per cent for 2008-09. Similar amendments have been made to the
Retirement Savings Accounts Regulations 1997.

This temporary relief addresses concerns that the minimum drawdown
requirement for this financial year was based on account balances at 1
July 2008, when equity values were higher.