SUPERANNUATION CONTRIBUTIONS TAX (MEMBERS OF CONSTITUTIONALLY PROTECTED SUPERANNUATION FUNDS) ASSESSMENT AND COLLECTION REGULATIONS 1997 (REPEALED)

SCHEDULE 1  

Method for working out amount of surchargeable contributions

(paragraph 2M(3)(a) )

Part 4 - Employer-provided benefit options exercised by a member - B(f) and B(u)  

12  

12   Application of Part 4  

This Part applies for the purpose of working out, for a member of a defined benefits superannuation scheme for a financial year:

(a) the amount ( B(f) ) that represents the actuarial value of any funded employer-provided benefit option not included in the value of A(f) that the member elects to exercise as a personal right for the financial year; and

(b) the amount ( B(u) ) that represents the actuarial value of any unfunded employer-provided benefit option not included in the value of A(u) that the member elects to exercise as a personal right for the financial year.