Income Tax Assessment Amendment Regulations 2007 (No. 3) (103 of 2007)

Schedule 1   Amendments

[5]   Part 6, regulation 995-1.01, after definition of Act

insert

defined benefit member :

(a) means a member of a superannuation fund whose entitlements to superannuation benefits (other than benefits payable on death or disability) are defined by reference to 1 or more of the following matters:

(i) the member’s salary, or allowance in the nature of salary, at a particular date or averaged over a period;

(ii) another individual’s salary, or allowance in the nature of salary, at a particular date or averaged over a period;

(iii) a specified amount;

(iv) specified conversion factors; but

(b) does not include a member of a superannuation fund whose entitlements to superannuation are defined solely by reference to 1 or more of the following matters:

(i) the member’s disability superannuation benefits;

(ii) the member’s superannuation death benefits;

(iii) payments of amounts mentioned in paragraph 307-10 (a) of the Act (which relates to temporary disability payments).

new entrant rate means the rate of that kind worked out using Schedule 1A.