Income Tax Regulations 1936 (Repealed)

Pt 5A repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007.

Pt 5A inserted by SR No 461 of 1994.

Div 1 repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007.

Reg 48 repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007. Reg 48 formerly read:

REGULATION 48 RULES FOR WORKING OUT ETPS FOR TRANSITIONAL RBL PURPOSES  
48
Where a person has a benefit entitlement that is to be taken into account for transitional RBL purposes, the following rules apply in working out the person's transitional RBL:

(a) if the benefit is in a superannuation fund or an ADF in the form of a lump sum - the payment of the lump sum to which the person would be entitled if he or she ceased on 30 June 1994 to be a member of the superannuation fund or ADF is taken to be the retained amount of an ETP;

(b) if the benefit is in a superannuation fund in the form of a pension - the entitlement to the pension that would accrue to the person if he or she ceased on 30 June 1994 to be a member of the fund is taken to commence on 1 July 1994;

(c) if the benefit is a deferred annuity in a life assurance company or a registered organisation - the lump sum to which the person would be entitled if he or she commuted the annuity entitlement on 30 June 1994 is taken to be the retained amount of an ETP;

(d) if the benefit is a lump sum payable under a contract of employment - the lump sum to which the person would be entitled if the employment terminated on 30 June 1994 is taken to be the retained amount of an ETP that is paid after 30 June 1994.

Reg 48 inserted by SR No 461 of 1994.