Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-30
-
SUPERANNUATION
Division 307
-
Key concepts relating to superannuation benefits
Subdivision 307-D
-
Superannuation interests
SECTION 307-205.02B
307-205.02B
VALUE OF SUPERANNUATION INTEREST
-
PUBLIC SECTOR SUPERANNUATION SCHEMES
For the purposes of paragraph 307-205(1)(a) of the Act, a superannuation interest in a public sector superannuation scheme is to be valued: (a) by using the practice for valuing a superannuation interest (other than an interest that supports a superannuation income stream mentioned in paragraph 307-205.02(2)(a) ) that was used by the scheme immediately before 28 June 2007; or (b) if there was not a practice for valuing an interest at that time - by using the method in subsection 307-205.02(3) .
For the purposes of paragraph 307-205(1)(a) of the Act, a superannuation interest in a public sector superannuation scheme is to be valued: (a) by using the practice for valuing a superannuation interest (other than an interest that supports a superannuation income stream mentioned in paragraph 307-205.02(2)(a) ) that was used by the scheme immediately before 28 June 2007; or (b) if there was not a practice for valuing an interest at that time - by using the method in subsection 307-205.02(3) .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.