In readiness for the new Simplified Superannuation regime to commence on 1 July 2007 the Government has issued the Corporations Amendment Regulations 2007 (No. 1) (Word)

The Superannuation Legislation Amendment
(Simplification) Act 2007 removes the concept of an ‘eligible termination
payment’ from the Income Tax Assessment
Act 1936, and consequently that definition is no longer required in the Corporations Regulations 

The Tax Laws Amendment (Simplified
Superannuation) Act 2007 introduces and provides a definition of a
‘superannuation lump sum’ into the Income
Tax Assessment Act 1997. This term replaces the concept of an ‘eligible
termination payment’. A corresponding definition
of a ‘superannuation lump sum’ is inserted in the Corporations Regulations 2001.