Income Tax Assessment (1997 Act) Regulations 2021
For the purposes of subsection 294-145(7) of the Act, the debit value , at a particular time, of a superannuation interest that supports an income stream that is, or was at any time, a superannuation income stream prescribed by section 294-130.01 of this instrument, is: (a) the amount of the transfer balance credit that arose in your transfer balance account in respect of the income stream; less (b) the amount of any transfer balance debits (apart from debits arising under item 4 of the table in subsection 294-80(1) of the Act) that have arisen in your transfer balance account in respect of the income stream before that time.
294-145.01(2)
Subsection (1) does not apply to a superannuation interest covered by subsection (3).
294-145.01(3)
This subsection covers a superannuation interest that supports an income stream that is, or was at any time, a superannuation income stream prescribed by section 294-130.01 to which subsection 294-130.01(5) applies.
294-145.01(4)
For the purposes of subsection 294-145(7) of the Act, the debit value , at a particular time, of a superannuation interest covered by subsection (3) of this section is the amount worked out in respect of that time under subsection 294-145(6) of the Act.
294-145.01(5)
For the purposes of subsection (4) of this section, treat the reference in subsection 294-145(6) of the Act to a capped defined benefit income stream covered by any of items 3 to 7 of the table in subsection 294-130(1) as instead being a reference to the income stream mentioned in subsection (3) of this section.
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