Income Tax Assessment (1997 Act) Regulations 2021
SCHEDULES
SCHEDULE 1ANote: See sections 291-170.02 , 291-170.05 and 291-170.07 and Schedule 1AA .
METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS
PART 1 - PRELIMINARY Division 1 - Definitions 1.5 1.5 Meaning of fund benefitThat part of a defined benefit interest which is sourced from contributions made into a superannuation fund or earnings on such contributions is referred to as the fund benefit .
Note:
A superannuation benefit may be wholly sourced from contributions made into a superannuation fund or earnings on such contributions. A superannuation benefit paid from a public sector superannuation fund may be wholly or partly sourced, or not sourced to any extent, from contributions made into a superannuation fund or earnings on such contributions. If a superannuation benefit is not sourced to any extent from contributions made into a superannuation fund, or earnings on such contributions, the amount of the fund benefit is zero.
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