Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-D - Superannuation interests  

SECTION 307-225   What is the crystallised segment ?  

307-225(1)    
To work out the crystallised segment of a *superannuation interest, first assume that:

(a) an eligible termination payment had been made in respect of the holder of the interest just before 1 July 2007; and

(b) the amount of the eligible termination payment had been equal to the *value of the interest at that time.

307-225(2)    

The crystallised segment of the *superannuation interest is the total amount of the following components of the eligible termination payment:

(a) the concessional component;

(b) the post-June 1994 invalidity component;

(c) the undeducted contributions;

(d) the CGT exempt component;

(e) the pre-July 83 component.

This section has effect subject to subsection 307-210(2) .

Note:

This segment may be reduced if a superannuation benefit is paid from the superannuation interest: see subsection 307-210(2) .

307-225(3)    
For the purposes of paragraph (2)(e), disregard the *value of the interest just before 1 July 2007 to the extent that it would consist, apart from this subsection, of the *element untaxed in the fund of the *taxable component of a *superannuation benefit constituted by the eligible termination payment.

307-225(4)    
In this section, the following terms have the same meaning as in subsection 27A(1) of the Income Tax Assessment Act 1936 (as in force just before 1 July 2007):

(a) concessional component ;

(b) post-June 1994 invalidity component ;

(c) undeducted contributions ;

(d) CGT exempt component ;

(e) pre-July 83 component ;

(f) eligible termination payment .