Superannuation Industry (Supervision) Amendment Regulations 2006 (No. 1) (189 of 2006)

Schedule 1   Amendments

[6]   After subregulation 6.41 (4)

insert

(5) Subject to subregulation (6), an untaxed splittable employer contribution is a contribution by the Commonwealth, a State or a Territory to a public sector superannuation scheme that is not a taxable contribution for section 274 of the Income Tax Assessment Act 1936.

(6) Each of the following is not an untaxed splittable employer contribution:

(a) an amount that has been rolled over, transferred or allotted;

(b) a lump sum payment from an eligible non-resident non-complying superannuation fund.