PART 4
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PAYMENT STANDARDS
Division 4.5
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Spouse contributions-splitting amounts
History
Div 4.5 inserted by SLI No 331 of 2005, reg 3 and Sch 2 item 7, effective 1 January 2006.
REGULATION 4.39
MEANING OF
SPLITTABLE CONTRIBUTION
4.39(1)
[Splittable contributions]
Subject to subregulation (2), a
splittable contribution
is a contribution to an RSA on or after 1 January 2006.
4.39(2)
[Amounts that are not splittable contributions]
Each of the following, received for an RSA holder, is not a
splittable contribution
:
(a)
a roll-over superannuation benefit within the meaning of Division
306
of the 1997 Tax Act;
(b)
an amount allotted under this Division;
(c)
a superannuation lump sum that is paid from a foreign superannuation fund;
(d)
a directed termination payment or an amount that would form part of the contributions segment of the superannuation interest.
History
Reg 4.39(2) substituted by SLI No 104 of 2007, reg 5 and Sch 3 item 47, effective 1 July 2007. Reg 4.39(2) formerly read:
4.39(2)
Each of the following, received for an RSA holder is not a
splittable contribution
:
(a)
an amount that has been rolled over or transferred;
(b)
an amount allotted under this Division;
(c)
a lump sum payment from an eligible non-resident non-complying superannuation fund;
(d)
an amount or payment mentioned in paragraph (a) or (jaa) of the definition of
eligible termination payment
in subsection
27A(1)
of the
Income Tax Assessment Act 1936
.
History
Reg 4.39 inserted by SLI No 331 of 2005, reg 3 and Sch 2 item 7, effective 1 January 2006.