Sentences with phrase «permanent incapacity»
"Permanent incapacity" refers to a long-term or lifelong condition where a person is permanently unable to perform certain actions or tasks due to physical, mental, or other limitations. It means they will never regain the ability to do those activities. Full definition
If you have not reached preservation age but have permanently retired, a benefit can only be paid as a result of permanent incapacity, severe financial hardship, compassionate reasons or death.
ato.gov.au
«Serious physical harm» is defined to mean «physical harm that carries a substantial risk of death»; «physical harm that involves either partial or total permanent incapacity»; or «physical harm that involves acute pain of a duration that results in substantial suffering or that involves any degree of prolonged or intractable pain.»
The FirstLIFE Advisor that will explain the various life insurance options to you, and will also be able to introduce you to other benefits, such as Disability Cover, the Sickness and Permanent Incapacity Benefit, Critical Illness benefit as well as our Short Term Insurance and Medical Aid products should you wish.
A transition to retirement income stream (TRIS) is only in the retirement phase when the person receiving the TRIS reaches 65 years old or notifies their fund that they have met a specified nil cashing restriction condition of release, such as retirement, permanent incapacity or terminal illness.
This is when an individual has ceased to be gainfully employed due to ill - health (physical or mental) but the illness does not constitute a permanent incapacity.
Jenny is 45 years old and has a permanent incapacity.
You have a permanent incapacity if the trustee is satisfied you have a physical or mental medical condition likely to stop you from ever working again in a job you're qualified to do by education, training or experience.
Except in special circumstances, such as severe financial hardship, permanent incapacity or other conditions of release (see «other conditions of release» above), it's illegal to withdraw your super before you reach your preservation age and doing so can lead to heavy tax fines.
[11] If it is a deferred superannuation income stream [12], that income stream is in the retirement phase when a person has met a relevant condition of release (retirement, terminal medical condition, permanent incapacity or attaining age 65).
Contact your super fund to request access to your super because you have a permanent incapacity.
A super withdrawal due to permanent incapacity is subject to different tax components.
Goddard's Law makes it a fifth degree felony to knowingly cause serious physical harm to a companion animal, which is defined as activities involving a substantial risk of death, a partial or permanent incapacity, long - term pain, or deprivation of food, water and shelter.
Waiver of premiums applies to temporary and permanent incapacity to pay premiums due to specified causes.