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Income Tax Assessment (1997 Act) Regulations 2021
- CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS
- SECTION 1 NAME
- SECTION 2 COMMENCEMENT
- SECTION 3 AUTHORITY
- CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION
- PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
- Division 26 - Some amounts you cannot deduct, or cannot deduct in full
- SECTION 26-85.01 BORROWING COSTS ON LOANS TO PAY LIFE INSURANCE PREMIUMS - TERM INSURANCE POLICY ETC.
- Division 30 - Gifts or contributions
- SECTION 30-212.01 VALUATION OF GIFTS
- SECTION 30-212.02 APPLICATION FOR VALUATION
- SECTION 30-212.03 CHARGE FOR MAKING VALUATION
- SECTION 30-212.04 ADVANCE PAYMENT OF CHARGE
- SECTION 30-212.05 COMMISSIONER NOT REQUIRED TO CONSIDER APPLICATION UNTIL ADVANCE PAYMENT IS PAID
- SECTION 30-212.06 APPLICATIONS TREATED AS HAVING NO EFFECT
- SECTION 30-212.07 CREDITING AND REPAYING VALUATION CHARGES
- SECTION 30-212.08 VALUATION CERTIFICATES
- Division 31 - Conservation covenants
- SECTION 31-15.01 VALUATION OF LAND
- SECTION 31-15.02 APPLICATION FOR VALUATION
- SECTION 31-15.03 CHARGE FOR MAKING VALUATION
- SECTION 31-15.04 ADVANCE PAYMENT OF CHARGE
- SECTION 31-15.05 COMMISSIONER NOT REQUIRED TO CONSIDER APPLICATION UNTIL ADVANCE PAYMENT IS PAID
- SECTION 31-15.06 APPLICATIONS TREATED AS HAVING NO EFFECT
- SECTION 31-15.07 CREDITING AND REPAYING VALUATION CHARGES
- SECTION 31-15.08 VALUATION CERTIFICATES
- PART 2-15 - NON-ASSESSABLE INCOME
- Division 50 - Exempt entities
- Subdivision 50-A - Various exempt entities
- SECTION 50-50.01 PRESCRIBED INSTITUTIONS LOCATED OUTSIDE AUSTRALIA
- SECTION 50-50.02 PRESCRIBED INSTITUTIONS PURSUING OBJECTIVES PRINCIPALLY OUTSIDE AUSTRALIA
- SECTION 50-55.01 PRESCRIBED INSTITUTIONS FOR ITEMS 1.3, 1.4, 6.1 AND 6.2 IN DIVISION 50 OF THE ACT
- Division 51 - Exempt amounts
- SECTION 51-5.01 DEFENCE ALLOWANCES
- PART 2-20 - TAX OFFSETS
- Division 61 - Generally applicable tax offsets
- Subdivision 61-G - Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007
- SECTION 61-220.01 PRIVATE HEALTH INSURER TO PROVIDE ANNUAL STATEMENT TO PHIIB IF REQUESTED
- PART 2-25 - TRADING STOCK
- Division 70 - Trading stock
- Subdivision 70-C - Accounting for trading stock you hold at the start or end of the income year
- SECTION 70-55.01 COST OF NATURAL INCREASE OF LIVE STOCK
- PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
- Division 83A - Employee share schemes
- Subdivision 83A-A - Objects of Division and key concepts
- SECTION 83A-5.01 OBJECT OF DIVISION 83A
- Subdivision 83A-E - Miscellaneous
- SECTION 83A-315.01 VALUE OF CERTAIN ESS INTERESTS
- SECTION 83A-315.02 VALUING UNLISTED RIGHTS
- SECTION 83A-315.03 EXERCISE PRICE OF RIGHT NIL OR CANNOT BE DETERMINED
- SECTION 83A-315.04 VALUE OF BENEFICIAL INTERESTS
- SECTION 83A-315.05 WORKING OUT THE VALUE OF A RIGHT TO ACQUIRE THE BENEFICIAL INTEREST IN A SHARE
- SECTION 83A-315.08 CALCULATION PERCENTAGES OF 50% OR MORE, AND LESS THAN 110%
- SECTION 83A-315.09 BASE PERCENTAGES FOR CALCULATION PERCENTAGES OF 110% OR MORE
- CHAPTER 3 - SPECIALIST LIABILITY RULES
- PART 3-30 - SUPERANNUATION
- Division 290 - Contributions to superannuation funds
- Subdivision 290-C - Deducting personal contributions
- SECTION 290-155.01 COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED SUPERANNUATION FUNDS
- SECTION 290-155.05 COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED CONTRIBUTIONS AND SUPERANNUATION FUNDS
- SECTION 290-165.01 AGE-RELATED CONDITIONS - PRESCRIBED PROVISIONS RELATING TO PREVIOUS WORK TEST EXEMPTIONS
- SECTION 290-170.01 NOTICE OF INTENT TO DEDUCT CONTRIBUTIONS - CONTRIBUTIONS-SPLITTING APPLICATIONS
- Division 291 - Excess concessional contributions
- Subdivision 291-B - Excess concessional contributions
- SECTION 291-25.01 CONCESSIONAL CONTRIBUTIONS FOR A FINANCIAL YEAR
- Subdivision 291-C - Modifications for defined benefit interests
- SECTION 291-170.01 TREATMENT OF SUPERANNUATION SUB-FUNDS
- SECTION 291-170.02 NOTIONAL TAXED CONTRIBUTIONS - CONTRIBUTIONS FOR FUNDS WITH 5 OR MORE DEFINED BENEFIT MEMBERS
- SECTION 291-170.03 NOTIONAL TAXED CONTRIBUTIONS - CONTRIBUTIONS FOR FUNDS TO WHICH SECTION 291-170.02 DOES NOT APPLY
- SECTION 291-170.04 NOTIONAL TAXED CONTRIBUTIONS - NIL AMOUNT
- SECTION 291-170.05 NOTIONAL TAXED CONTRIBUTIONS - CONDITIONS FOR PARAGRAPH 291-170(2)(D) AND SUBPARAGRAPH 291-170(3)(E)(II) OF THE INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997
- SECTION 291-170.07 NOTIONAL TAXED CONTRIBUTIONS - CONDITIONS FOR PARAGRAPH 291-170(4)(D) AND SUBPARAGRAPH 291-170(5)(E)(II) OF THE INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997
- Division 292 - Excess non-concessional contributions
- Subdivision 292-C - Excess non-concessional contributions tax
- SECTION 292-90.01 NON-CONCESSIONAL CONTRIBUTIONS FOR A FINANCIAL YEAR
- Division 293 - Sustaining the superannuation contribution concession
- Subdivision 293-D - Modifications for defined benefit interests
- SECTION 293-115.05 PRELIMINARY
- SECTION 293-115.10 DEFINED BENEFIT CONTRIBUTIONS - NON-ACCRUING MEMBERS
- SECTION 293-115.15 DEFINED BENEFIT CONTRIBUTIONS - ACCRUING MEMBERS WITH FUNDED BENEFIT INTERESTS
- SECTION 293-115.20 DEFINED BENEFIT CONTRIBUTIONS - ACCRUING MEMBERS WITH OTHER INTERESTS
- Subdivision 293-E - Modifications for constitutionally protected State higher level office holders
- SECTION 293-145.01 CONSTITUTIONALLY PROTECTED STATE HIGHER LEVEL OFFICE HOLDERS
- Division 294 - Transfer balance cap
- Subdivision 294-B - Transfer balance account
- SECTION 294-25.01 CREDIT IN TRANSFER BALANCE ACCOUNT - PAYMENT OF CONSIDERATION FOR INTEREST SUPPORTING DEFERRED SUPERANNUATION INCOME STREAM
- SECTION 294-25.02 CREDIT IN TRANSFER BALANCE ACCOUNT - COMMUTATION OF CERTAIN CAPPED DEFINED BENEFIT INCOME STREAMS
- SECTION 294-25.03 CREDIT IN TRANSFER BALANCE ACCOUNT - CAPPED DEFINED BENEFIT INCOME STREAMS: TRANSFERS TO SUCCESSOR FUNDS
- Subdivision 294-C - Transfer balance debits
- SECTION 294-80.01 DEBIT IN TRANSFER BALANCE ACCOUNT - REDUCTION IN AMOUNT OF SUPERANNUATION INCOME STREAM BENEFIT
- SECTION 294-80.02 DEBIT IN TRANSFER BALANCE ACCOUNT - REDUCTION IN AMOUNT OF SUPERANNUATION INCOME STREAM BENEFIT
- SECTION 294-80.02A DEBIT IN TRANSFER BALANCE ACCOUNT - COMMUTATION OF CERTAIN CAPPED DEFINED BENEFIT INCOME STREAMS
- SECTION 294-80.02B DEBIT IN TRANSFER BALANCE ACCOUNT - CERTAIN PERMANENT INCAPACITY PENSIONS
- SECTION 294-80.03 DEBIT IN TRANSFER BALANCE ACCOUNT - CERTAIN ITEMS OF TABLE IN SUBSECTION 294-80(1) OF THE ACT DO NOT APPLY TO CERTAIN SUPERANNUATION INCOME STREAMS
- Subdivision 294-D - Modifications for certain defined benefit income streams
- SECTION 294-130.01 MEANING OF CAPPED DEFINED BENEFIT INCOME STREAM
- SECTION 294-135.01 TRANSFER BALANCE CREDIT - DETERMINING SPECIAL VALUE OF A SUPERANNUATION INTEREST
- SECTION 294-145.01 TRANSFER BALANCE DEBITS - DETERMINING DEBIT VALUE OF A SUPERANNUATION INTEREST
- Division 295 - Taxation of superannuation entities
- Subdivision 295-D - Contributions excluded
- SECTION 295-265.01 APPLICATION OF PRE-1 JULY 88 FUNDING CREDITS - LIMIT ON CHOICE
- SECTION 295-265.02 METHOD 1 - FUNDING CREDIT VALUATION PROCESS
- SECTION 295-265.03 HOW TO CALCULATE THE DISCOUNTED PRESENT VALUE OF LIABILITIES FOR STEP 1 OF METHOD 1
- SECTION 295-265.04 HOW TO CALCULATE THE ASSETS AVAILABLE TO FUND PRE-1 JULY 88 LIABILITIES FOR STEP 2 OF METHOD 1
- SECTION 295-265.05 METHOD 2 - NOTIONALLY UPDATED FUNDING CREDIT VALUATION PROCESS
- Subdivision 295-F - Exempt income
- SECTION 295-385.01 SEGREGATED CURRENT PENSION ASSETS - PRESCRIBED SUPERANNUATION INCOME STREAM BENEFITS
- Subdivision 295-G - Deductions
- SECTION 295-465.01 COMPLYING FUNDS - DEDUCTIONS FOR INSURANCE PREMIUMS
- Division 301 - Superannuation member benefits paid from complying plans etc.
- Subdivision 301-D - Departing Australia superannuation payments
- SECTION 301-170.01 DEPARTING AUSTRALIA SUPERANNUATION PAYMENTS
- Subdivision 301-E - Superannuation lump sum member benefits less than $200
- SECTION 301-225.01 SUPERANNUATION LUMP SUM MEMBER BENEFITS LESS THAN $200 ARE TAX FREE
- Division 302 - Superannuation death benefits paid from complying plans etc.
- Subdivision 302-D - Definitions relating to dependants
- SECTION 302-195.01 CIRCUMSTANCES IN WHICH A PERSON DIED IN THE LINE OF DUTY
- SECTION 302-195.02 CIRCUMSTANCES IN WHICH A PERSON HAS NOT DIED IN THE LINE OF DUTY
- SECTION 302-200.01 WHAT IS AN INTERDEPENDENCY RELATIONSHIP - MATTERS TO BE TAKEN INTO ACCOUNT
- SECTION 302-200.02 WHAT IS AN INTERDEPENDENCY RELATIONSHIP - EXISTENCE OF RELATIONSHIP
- Division 306 - Roll overs etc.
- SECTION 306-10.01 ROLL-OVER SUPERANNUATION BENEFIT
- Division 307 - Key concepts relating to superannuation benefits
- Subdivision 307-A - Superannuation benefits generally
- SECTION 307-5.01 WHAT IS A SUPERANNUATION BENEFIT?
- Subdivision 307-B - Superannuation lump sums and superannuation income stream benefits
- SECTION 307-70.01 SUPERANNUATION INCOME STREAM BENEFITS
- SECTION 307-70.02 MEANING OF SUPERANNUATION INCOME STREAM
- Subdivision 307-C - Components of a superannuation benefit
- SECTION 307-125.01 COMPONENTS OF MEMBER BENEFITS ACCRUING BEFORE 1 JULY 1999 PAID FROM THE MILITARY SUPERANNUATION AND BENEFITS SCHEME
- SECTION 307-125.02 COMPONENTS OF SUPERANNUATION BENEFITS AFTER DEATH OF RECIPIENT OF SUPERANNUATION INCOME STREAM
- SECTION 307-125.03 COMPONENTS OF CERTAIN MILITARY SUPERANNUATION BENEFITS
- Subdivision 307-D - Superannuation interests
- SECTION 307-200.01 APPLICATION OF SECTIONS 307-200.02 TO 307-200.05 TO SUBDIVISIONS 291-C AND 293-D OF THE ACT
- SECTION 307-200.02 MEANING OF SUPERANNUATION INTERESTS - TREATING SUPERANNUATION INTERESTS AS 1 SUPERANNUATION INTEREST (SELF-MANAGED SUPERANNUATION FUNDS)
- SECTION 307-200.03 MEANING OF SUPERANNUATION INTERESTS - TREATING A SUPERANNUATION INTEREST AS 2 OR MORE SUPERANNUATION INTERESTS (PUBLIC SECTOR SCHEMES)
- SECTION 307-200.05 MEANING OF SUPERANNUATION INTERESTS - TREATING A SUPERANNUATION INTEREST AS 2 OR MORE SUPERANNUATION INTERESTS (SUPERANNUATION INCOME STREAMS)
- SECTION 307-205.01 VALUE OF SUPERANNUATION INTEREST FOR CALCULATING PRE-JULY 83 AMOUNT FOR MEMBERS IN THE CONTRIBUTIONS AND INVESTMENT PHASE
- SECTION 307-205.01A HOW TO CALCULATE THE VALUE OF A RETIREMENT BENEFIT FOR STEP 1 OF THE METHOD IN SUBSECTION 307-205.01(2)
- SECTION 307-205.02 VALUE OF SUPERANNUATION INTEREST
- SECTION 307-205.02A VALUE OF SUPERANNUATION INTEREST - SUPERANNUATION INCOME STREAMS OR SUPERANNUATION ANNUITIES BASED ON IDENTIFIABLE AMOUNTS
- SECTION 307-205.02B VALUE OF SUPERANNUATION INTEREST - PUBLIC SECTOR SUPERANNUATION SCHEMES
- SECTION 307-205.02C VALUE OF SUPERANNUATION INTEREST - DEFERRED SUPERANNUATION INCOME STREAMS
- SECTION 307-205.02D VALUE OF SUPERANNUATION INTEREST - POOLED INVESTMENT PENSIONS
- SECTION 307-205.02E VALUE OF SUPERANNUATION INTEREST - POOLED INVESTMENT ANNUITIES
- PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
- Division 393 - Farm management deposits
- Subdivision 393-B - Meaning of farm management deposit and owner
- SECTION 393-20.01 APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT - INFORMATION GIVEN BY DEPOSITOR
- SECTION 393-20.02 APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT - INFORMATION GIVEN TO DEPOSITOR
- SECTION 393-40.01 REPAYMENT OF FARM MANAGEMENT DEPOSIT IN THE EVENT OF A NATURAL DISASTER
- Division 418 - Exploration for minerals
- Subdivision 418-DA - Exploration credits allocation
- SECTION 418-103.01 MEANING OF ANNUAL EXPLORATION CAP - 2023-24 INCOME YEAR
- SECTION 418-103.02 MEANING OF ANNUAL EXPLORATION CAP - 2024-25 INCOME YEAR
- CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX
- PART 4-5 - GENERAL
- Division 775 - Foreign currency gains and losses
- Subdivision 775-B - Realisation of forex gains or losses
- SECTION 775-145.01 APPLICATION OF FOREX EVENTS TO CURRENCY AND FUNGIBLE RIGHTS AND OBLIGATIONS
- Division 830 - Foreign hybrids
- Subdivision 830-A - Meaning of ' foreign hybrid '
- SECTION 830-15.01 FOREIGN HYBRID COMPANY
- CHAPTER 6 - THE DICTIONARY
- PART 6-1 - CONCEPTS AND TOPICS
- Division 960 - General
- Subdivision 960-C - Foreign currency
- SECTION 960-50.01 TRANSLATION OF FOREIGN CURRENCY AMOUNTS INTO AUSTRALIAN CURRENCY - MODIFICATION OF SPECIAL TRANSLATION RULES
- Subdivision 960-D - Functional currency
- SECTION 960-80.01 TRANSLATION RULES - TRANSLATION INTO APPLICABLE FUNCTIONAL CURRENCY
- SECTION 960-80.02 TRANSLATION RULES FOR AN ATTRIBUTABLE TAXPAYER OF A CFC - TRANSLATION INTO APPLICABLE FUNCTIONAL CURRENCY
- SECTION 960-80.03 TRANSLATION RULES - TRANSLATION FROM APPLICABLE FUNCTIONAL CURRENCY INTO AUSTRALIAN CURRENCY
- Division 974 - Debt and equity interests
- Subdivision 974-F - Related concepts
- SECTION 974-135.01 NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES ISSUED BY CREDIT UNION OR MUTUAL BUILDING SOCIETY
- SECTION 974-135.02 REDEEMABLE PREFERENCE SHARES
- SECTION 974-135.03 TERM CUMULATIVE SUBORDINATED NOTE WITH INSOLVENCY OR CAPITAL ADEQUACY CONDITIONS
- SECTION 974-135.04 PERPETUAL CUMULATIVE SUBORDINATED NOTE WITH PROFITABILITY, INSOLVENCY OR NEGATIVE EARNINGS CONDITIONS
- SECTION 974-135.05 TERM CUMULATIVE SUBORDINATED NOTE WITH NON-VIABILITY CONDITION
- PART 6-5 - DICTIONARY DEFINITIONS
- Division 995 - Definitions
- SECTION 995-1.01 DEFINITIONS
- SECTION 995-1.02 APPROVED STOCK EXCHANGES
- SECTION 995-1.03 CONSTITUTIONALLY PROTECTED FUNDS
- SECTION 995-1.04 DEFINITION OF CONTRIBUTIONS-SPLITTING SUPERANNUATION BENEFIT
- SECTION 995-1.05 MEANING OF SUPERANNUATION ANNUITY
- SECTION 995-1.06 MEANING OF TERMINAL MEDICAL CONDITION
- CHAPTER 7 - TRANSITIONAL MATTERS
- PART 1000-1 - TRANSITIONAL MATTERS RELATING TO THE REPEAL OF THE INCOME TAX ASSESSMENT REGULATIONS 1997
- SECTION 1000-1.01 DEFINITIONS
- SECTION 1000-1.02 THIS INSTRUMENT GENERALLY APPLIES TO INCOME YEARS AND FINANCIAL YEARS STARTING AT OR AFTER THE COMMENCEMENT TIME
- SECTION 1000-1.03 VALUATIONS UNDER DIVISION 30 OR 31
- SECTION 1000-1.04 COMPLYING SUPERANNUATION FUND CONDITION - ELECTIONS
- SECTION 1000-1.05 NOTIONAL TAXED CONTRIBUTIONS - ALLOCATION OF CONTRIBUTIONS
- SECTION 1000-1.06 TRANSFER BALANCE DEBITS AND TRANSFER BALANCE CREDITS
- SECTION 1000-1.07 APPLICATION OF PRE-1 JULY 88 FUNDING CREDITS
- SECTION 1000-1.08 DEPARTING AUSTRALIA SUPERANNUATION PAYMENTS
- SECTION 1000-1.09 COMPONENTS OF MEMBER BENEFITS ACCRUING BEFORE 1 JULY 1999 PAID FROM THE MILITARY SUPERANNUATION AND BENEFITS SCHEME - CHOICE OF ALTERNATIVE METHOD
- SECTION 1000-1.10 FARM MANAGEMENT DEPOSIT
- SECTION 1000-1.11 APPLICATION OF FOREX EVENTS TO CURRENCY AND FUNGIBLE RIGHTS AND OBLIGATIONS - ELECTIONS
- SECTION 1000-1.12 TRANSLATING CURRENCY - CHOICES AND ELECTIONS
- SECTION 1000-1.13 CERTIFICATES IN RELATION TO TERMINAL MEDICAL CONDITIONS
- PART 1000-2 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (MISCELLANEOUS AND TECHNICAL AMENDMENTS) REGULATIONS 2021
- SECTION 1000-2.01 APPLICATION OF AMENDMENTS
- PART 1000-3 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (2022 MEASURES NO. 4) ACT 2023
- SECTION 1000-3.01 DEFINITIONS
- SECTION 1000-3.02 APPLICATION OF AMENDMENTS
- SECTION 1000-3.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
- PART 1000-4 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (MILITARY SUPERANNUATION BENEFITS) REGULATIONS 2023
- SECTION 1000-4.01 DEFINITIONS
- SECTION 1000-4.02 APPLICATION OF AMENDMENTS
- SECTION 1000-4.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
- PART 1000-5 - TRANSITIONAL MATTERS RELATING TO THE INCOME TAX ASSESSMENT AMENDMENT (SUPERANNUATION) REGULATIONS 2024
- SECTION 1000-5.01 APPLICATION OF AMENDMENTS
- PART 1000-6 - TRANSITIONAL MATTERS RELATING TO THE INCOME TAX ASSESSMENT AMENDMENT (TRANSFER BALANCE ACCOUNT VALUE FOR CERTAIN SUPERANNUATION INCOME STREAMS) REGULATIONS 2024
- SECTION 1000-6.01 DEFINITIONS
- SECTION 1000-6.02 APPLICATION OF AMENDMENTS
- SECTION 1000-6.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
- SCHEDULE 1A
- PART 1 - PRELIMINARY
- Division 1 - Definitions
- 1.1 Meaning of accruing member
- 1.2 Meaning of benefit category
- 1.3 Meaning of defined benefit fund
- 1.4 Accruing member must not belong to more than one benefit category at the same time unless certified by an actuary
- 1.5 Meaning of fund benefit
- Division 2 - Method
- 1.6 Method of working out amount of notional taxed contributions if the fund benefit is wholly sourced from an accumulation of contributions made in respect of the member
- 1.7 Method of working out amount of notional taxed contributions in respect of a benefit category if the fund benefit is not wholly sourced from an accumulation of contributions made in respect of the member
- 1.8 Method of working out amount of notional taxed contributions
- PART 2 - NEW ENTRANT RATE
- 2.1 Method of working out new entrant rate for a benefit category
- 2.2 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
- 2.3 New entrant rate to be rounded down
- 2.4 No allowance for administration expenses or income tax on assessable contributions
- 2.5 Certain discretions to be allowed for
- 2.6 Method of working out new entrant rate for a member
- PART 3 - VALUATION PARAMETERS
- 3.1 Application of economic, decrement and other parameters
- 3.2 Discount rate
- 3.3 Fund earning rate and crediting rate
- 3.4 Rate of future salary or wages growth
- 3.5 Rate of increase in price indices
- 3.6 New entrant age
- 3.7 Exit rates
- 3.8 Pensions
- 3.9 Mortality of pensioners
- 3.10 Taxed and untaxed benefits
- 3.11 Other assumptions to be set by the actuary
- PART 4 - EXERCISE OF DISCRETION TO PAY A BENEFIT GREATER THAN THE BENEFIT ASSUMED IN CALCULATING THE NEW ENTRANT RATE
- 4.1 Method of working out the increased exit benefit adjustment amount in the formula in clause 1.8
- PART 5 - MEMBER HAS CHANGED BENEFIT CATEGORY
- 5.1 Method of working out the category change or discretion adjustment amount in the formula in clause 1.8
- PART 6 - GOVERNING RULES HAVE CHANGED
- 6.1 Method of working out governing rules change adjustment amount in the formula in clause 1.8
- PART 7 - NON ARM ' S LENGTH INCREASE IN SUPERANNUATION SALARY
- 7.1 Method of working out the increased superannuation salary adjustment amount in the formula in clause 1.8
- SCHEDULE 1AA
- PART 1 - PRELIMINARY
- Division 1 - Definitions
- 1 Meaning of accruing member
- 2 Meaning of benefit category
- 2A Meaning of defined benefit fund
- 2B Treatment of superannuation sub-funds
- 3 Accruing member must not belong to more than one benefit category at the same time unless certified by an actuary
- Division 2 - Method
- 4 Method of determining amount of defined benefit contributions
- PART 2 - NEW ENTRANT RATE
- 5 Method of working out new entrant rate for a benefit category
- 6 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
- 7 New entrant rate to be rounded down
- 8 No allowance for administration expenses or income tax on assessable contributions
- 9 Certain discretions to be allowed for
- PART 3 - VALUATION PARAMETERS
- 10 Application of economic, decrement and other parameters
- 11 Discount rate
- 12 Fund earning rate and crediting rate
- 13 Rate of future salary or wages growth
- 14 Rate of increase in price indices
- 15 New entrant age
- 16 Exit rates
- 17 Pensions
- 18 Mortality of pensioners
- 19 Other assumptions to be set by the actuary
- PART 4 - EXERCISE OF DISCRETION TO PAY A BENEFIT GREATER THAN THE BENEFIT ASSUMED IN CALCULATING THE NEW ENTRANT RATE
- 20 Method of working out the increased exit benefit adjustment amount in the formula in subclause 4(2)
- PART 5 - MEMBER HAS CHANGED BENEFIT CATEGORY
- 21 Method of working out the category change or discretion adjustment amount in the formula in subclause 4(2)
- PART 6 - GOVERNING RULES HAVE CHANGED
- 22 Method of working out governing rules change adjustment amount in the formula in subclause 4(2)
- PART 7 - NON-ARM ' S LENGTH INCREASE IN SUPERANNUATION SALARY
- 23 Method of working out the increased superannuation salary adjustment amount in the formula in subclause 4(2)
- SCHEDULE 1B
- 1 Income stream valuation factors
- 2 Lump sum valuation factors
- SCHEDULE 1C
- PART 1 - STATEMENTS
- 1 Statements for the purposes of paragraph 393-20.02(a)
- PART 2 - REQUIRED STATEMENTS
- 2 Statements for the purposes of paragraph 393-20.02(b)
- PART 3 - ADDITIONAL INFORMATION
- 3 Additional information for the purposes of paragraph 393-20.02(c)
- SCHEDULE 2
- PART 1 - RULES AND REQUIREMENTS FOR ITEM 12 OF THE TABLE IN SUBSECTION 960 50(6) OF THE ACT
- 1 Exchange rate - consistency with accounting standards used by entity
- 2 Choice of daily exchange rate
- 3 Choice of average exchange rate
- PART 2 - TRANSLATION OF FOREIGN CURRENCY AMOUNTS INTO AUSTRALIAN CURRENCY - RULES AND REQUIREMENTS FOR ITEM 11A OF THE TABLE IN SUBSECTION 960 50(6) OF THE ACT
- 4 Exchange rate - consistency with an entity ' s financial records
- SCHEDULE 3
- 1 Approved stock exchanges
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