Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.5 - Spouse contributions-splitting amounts  

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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]  

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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.

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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 .

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History

Reg 4.39 inserted by SLI No 331 of 2005, reg 3 and Sch 2 item 7, effective 1 January 2006.

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