Legal database - View: Income Tax Assessment (1997 Act) Regulations 2021

Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS
SECTION 1 NAME
SECTION 2 COMMENCEMENT
SECTION 3 AUTHORITY
CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION
PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 26 - Some amounts you cannot deduct, or cannot deduct in full
SECTION 26-85.01 BORROWING COSTS ON LOANS TO PAY LIFE INSURANCE PREMIUMS - TERM INSURANCE POLICY ETC.
Division 30 - Gifts or contributions
SECTION 30-212.01 VALUATION OF GIFTS
SECTION 30-212.02 APPLICATION FOR VALUATION
SECTION 30-212.03 CHARGE FOR MAKING VALUATION
SECTION 30-212.04 ADVANCE PAYMENT OF CHARGE
SECTION 30-212.05 COMMISSIONER NOT REQUIRED TO CONSIDER APPLICATION UNTIL ADVANCE PAYMENT IS PAID
SECTION 30-212.06 APPLICATIONS TREATED AS HAVING NO EFFECT
SECTION 30-212.07 CREDITING AND REPAYING VALUATION CHARGES
SECTION 30-212.08 VALUATION CERTIFICATES
Division 31 - Conservation covenants
SECTION 31-15.01 VALUATION OF LAND
SECTION 31-15.02 APPLICATION FOR VALUATION
SECTION 31-15.03 CHARGE FOR MAKING VALUATION
SECTION 31-15.04 ADVANCE PAYMENT OF CHARGE
SECTION 31-15.05 COMMISSIONER NOT REQUIRED TO CONSIDER APPLICATION UNTIL ADVANCE PAYMENT IS PAID
SECTION 31-15.06 APPLICATIONS TREATED AS HAVING NO EFFECT
SECTION 31-15.07 CREDITING AND REPAYING VALUATION CHARGES
SECTION 31-15.08 VALUATION CERTIFICATES
PART 2-15 - NON-ASSESSABLE INCOME
Division 50 - Exempt entities
Subdivision 50-A - Various exempt entities
SECTION 50-50.01 PRESCRIBED INSTITUTIONS LOCATED OUTSIDE AUSTRALIA
SECTION 50-50.02 PRESCRIBED INSTITUTIONS PURSUING OBJECTIVES PRINCIPALLY OUTSIDE AUSTRALIA
SECTION 50-55.01 PRESCRIBED INSTITUTIONS FOR ITEMS 1.3, 1.4, 6.1 AND 6.2 IN DIVISION 50 OF THE ACT
Division 51 - Exempt amounts
SECTION 51-5.01 DEFENCE ALLOWANCES
PART 2-20 - TAX OFFSETS
Division 61 - Generally applicable tax offsets
Subdivision 61-G - Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007
SECTION 61-220.01 PRIVATE HEALTH INSURER TO PROVIDE ANNUAL STATEMENT TO PHIIB IF REQUESTED
PART 2-25 - TRADING STOCK
Division 70 - Trading stock
Subdivision 70-C - Accounting for trading stock you hold at the start or end of the income year
SECTION 70-55.01 COST OF NATURAL INCREASE OF LIVE STOCK
PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83A - Employee share schemes
Subdivision 83A-A - Objects of Division and key concepts
SECTION 83A-5.01 OBJECT OF DIVISION 83A
Subdivision 83A-E - Miscellaneous
SECTION 83A-315.01 VALUE OF CERTAIN ESS INTERESTS
SECTION 83A-315.02 VALUING UNLISTED RIGHTS
SECTION 83A-315.03 EXERCISE PRICE OF RIGHT NIL OR CANNOT BE DETERMINED
SECTION 83A-315.04 VALUE OF BENEFICIAL INTERESTS
SECTION 83A-315.05 WORKING OUT THE VALUE OF A RIGHT TO ACQUIRE THE BENEFICIAL INTEREST IN A SHARE
SECTION 83A-315.08 CALCULATION PERCENTAGES OF 50% OR MORE, AND LESS THAN 110%
SECTION 83A-315.09 BASE PERCENTAGES FOR CALCULATION PERCENTAGES OF 110% OR MORE
CHAPTER 3 - SPECIALIST LIABILITY RULES
PART 3-30 - SUPERANNUATION
Division 290 - Contributions to superannuation funds
Subdivision 290-C - Deducting personal contributions
SECTION 290-155.01 COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED SUPERANNUATION FUNDS
SECTION 290-155.05 COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED CONTRIBUTIONS AND SUPERANNUATION FUNDS
SECTION 290-165.01 AGE-RELATED CONDITIONS - PRESCRIBED PROVISIONS RELATING TO PREVIOUS WORK TEST EXEMPTIONS
SECTION 290-170.01 NOTICE OF INTENT TO DEDUCT CONTRIBUTIONS - CONTRIBUTIONS-SPLITTING APPLICATIONS
Division 291 - Excess concessional contributions
Subdivision 291-B - Excess concessional contributions
SECTION 291-25.01 CONCESSIONAL CONTRIBUTIONS FOR A FINANCIAL YEAR
Subdivision 291-C - Modifications for defined benefit interests
SECTION 291-170.01 TREATMENT OF SUPERANNUATION SUB-FUNDS
SECTION 291-170.02 NOTIONAL TAXED CONTRIBUTIONS - CONTRIBUTIONS FOR FUNDS WITH 5 OR MORE DEFINED BENEFIT MEMBERS
SECTION 291-170.03 NOTIONAL TAXED CONTRIBUTIONS - CONTRIBUTIONS FOR FUNDS TO WHICH SECTION 291-170.02 DOES NOT APPLY
SECTION 291-170.04 NOTIONAL TAXED CONTRIBUTIONS - NIL AMOUNT
SECTION 291-170.05 NOTIONAL TAXED CONTRIBUTIONS - CONDITIONS FOR PARAGRAPH 291-170(2)(D) AND SUBPARAGRAPH 291-170(3)(E)(II) OF THE INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997
SECTION 291-170.07 NOTIONAL TAXED CONTRIBUTIONS - CONDITIONS FOR PARAGRAPH 291-170(4)(D) AND SUBPARAGRAPH 291-170(5)(E)(II) OF THE INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997
Division 292 - Excess non-concessional contributions
Subdivision 292-C - Excess non-concessional contributions tax
SECTION 292-90.01 NON-CONCESSIONAL CONTRIBUTIONS FOR A FINANCIAL YEAR
Division 293 - Sustaining the superannuation contribution concession
Subdivision 293-D - Modifications for defined benefit interests
SECTION 293-115.05 PRELIMINARY
SECTION 293-115.10 DEFINED BENEFIT CONTRIBUTIONS - NON-ACCRUING MEMBERS
SECTION 293-115.15 DEFINED BENEFIT CONTRIBUTIONS - ACCRUING MEMBERS WITH FUNDED BENEFIT INTERESTS
SECTION 293-115.20 DEFINED BENEFIT CONTRIBUTIONS - ACCRUING MEMBERS WITH OTHER INTERESTS
Subdivision 293-E - Modifications for constitutionally protected State higher level office holders
SECTION 293-145.01 CONSTITUTIONALLY PROTECTED STATE HIGHER LEVEL OFFICE HOLDERS
Division 294 - Transfer balance cap
Subdivision 294-B - Transfer balance account
SECTION 294-25.01 CREDIT IN TRANSFER BALANCE ACCOUNT - PAYMENT OF CONSIDERATION FOR INTEREST SUPPORTING DEFERRED SUPERANNUATION INCOME STREAM
SECTION 294-25.02 CREDIT IN TRANSFER BALANCE ACCOUNT - COMMUTATION OF CERTAIN CAPPED DEFINED BENEFIT INCOME STREAMS
SECTION 294-25.03 CREDIT IN TRANSFER BALANCE ACCOUNT - CAPPED DEFINED BENEFIT INCOME STREAMS: TRANSFERS TO SUCCESSOR FUNDS
Subdivision 294-C - Transfer balance debits
SECTION 294-80.01 DEBIT IN TRANSFER BALANCE ACCOUNT - REDUCTION IN AMOUNT OF SUPERANNUATION INCOME STREAM BENEFIT
SECTION 294-80.02 DEBIT IN TRANSFER BALANCE ACCOUNT - REDUCTION IN AMOUNT OF SUPERANNUATION INCOME STREAM BENEFIT
SECTION 294-80.02A DEBIT IN TRANSFER BALANCE ACCOUNT - COMMUTATION OF CERTAIN CAPPED DEFINED BENEFIT INCOME STREAMS
SECTION 294-80.02B DEBIT IN TRANSFER BALANCE ACCOUNT - CERTAIN PERMANENT INCAPACITY PENSIONS
SECTION 294-80.03 DEBIT IN TRANSFER BALANCE ACCOUNT - CERTAIN ITEMS OF TABLE IN SUBSECTION 294-80(1) OF THE ACT DO NOT APPLY TO CERTAIN SUPERANNUATION INCOME STREAMS
Subdivision 294-D - Modifications for certain defined benefit income streams
SECTION 294-130.01 MEANING OF CAPPED DEFINED BENEFIT INCOME STREAM
SECTION 294-135.01 TRANSFER BALANCE CREDIT - DETERMINING SPECIAL VALUE OF A SUPERANNUATION INTEREST
SECTION 294-145.01 TRANSFER BALANCE DEBITS - DETERMINING DEBIT VALUE OF A SUPERANNUATION INTEREST
Division 295 - Taxation of superannuation entities
Subdivision 295-D - Contributions excluded
SECTION 295-265.01 APPLICATION OF PRE-1 JULY 88 FUNDING CREDITS - LIMIT ON CHOICE
SECTION 295-265.02 METHOD 1 - FUNDING CREDIT VALUATION PROCESS
SECTION 295-265.03 HOW TO CALCULATE THE DISCOUNTED PRESENT VALUE OF LIABILITIES FOR STEP 1 OF METHOD 1
SECTION 295-265.04 HOW TO CALCULATE THE ASSETS AVAILABLE TO FUND PRE-1 JULY 88 LIABILITIES FOR STEP 2 OF METHOD 1
SECTION 295-265.05 METHOD 2 - NOTIONALLY UPDATED FUNDING CREDIT VALUATION PROCESS
Subdivision 295-F - Exempt income
SECTION 295-385.01 SEGREGATED CURRENT PENSION ASSETS - PRESCRIBED SUPERANNUATION INCOME STREAM BENEFITS
Subdivision 295-G - Deductions
SECTION 295-465.01 COMPLYING FUNDS - DEDUCTIONS FOR INSURANCE PREMIUMS
Division 301 - Superannuation member benefits paid from complying plans etc.
Subdivision 301-D - Departing Australia superannuation payments
SECTION 301-170.01 DEPARTING AUSTRALIA SUPERANNUATION PAYMENTS
Subdivision 301-E - Superannuation lump sum member benefits less than $200
SECTION 301-225.01 SUPERANNUATION LUMP SUM MEMBER BENEFITS LESS THAN $200 ARE TAX FREE
Division 302 - Superannuation death benefits paid from complying plans etc.
Subdivision 302-D - Definitions relating to dependants
SECTION 302-195.01 CIRCUMSTANCES IN WHICH A PERSON DIED IN THE LINE OF DUTY
SECTION 302-195.02 CIRCUMSTANCES IN WHICH A PERSON HAS NOT DIED IN THE LINE OF DUTY
SECTION 302-200.01 WHAT IS AN INTERDEPENDENCY RELATIONSHIP - MATTERS TO BE TAKEN INTO ACCOUNT
SECTION 302-200.02 WHAT IS AN INTERDEPENDENCY RELATIONSHIP - EXISTENCE OF RELATIONSHIP
Division 306 - Roll overs etc.
SECTION 306-10.01 ROLL-OVER SUPERANNUATION BENEFIT
Division 307 - Key concepts relating to superannuation benefits
Subdivision 307-A - Superannuation benefits generally
SECTION 307-5.01 WHAT IS A SUPERANNUATION BENEFIT?
Subdivision 307-B - Superannuation lump sums and superannuation income stream benefits
SECTION 307-70.01 SUPERANNUATION INCOME STREAM BENEFITS
SECTION 307-70.02 MEANING OF SUPERANNUATION INCOME STREAM
Subdivision 307-C - Components of a superannuation benefit
SECTION 307-125.01 COMPONENTS OF MEMBER BENEFITS ACCRUING BEFORE 1 JULY 1999 PAID FROM THE MILITARY SUPERANNUATION AND BENEFITS SCHEME
SECTION 307-125.02 COMPONENTS OF SUPERANNUATION BENEFITS AFTER DEATH OF RECIPIENT OF SUPERANNUATION INCOME STREAM
SECTION 307-125.03 COMPONENTS OF CERTAIN MILITARY SUPERANNUATION BENEFITS
Subdivision 307-D - Superannuation interests
SECTION 307-200.01 APPLICATION OF SECTIONS 307-200.02 TO 307-200.05 TO SUBDIVISIONS 291-C AND 293-D OF THE ACT
SECTION 307-200.02 MEANING OF SUPERANNUATION INTERESTS - TREATING SUPERANNUATION INTERESTS AS 1 SUPERANNUATION INTEREST (SELF-MANAGED SUPERANNUATION FUNDS)
SECTION 307-200.03 MEANING OF SUPERANNUATION INTERESTS - TREATING A SUPERANNUATION INTEREST AS 2 OR MORE SUPERANNUATION INTERESTS (PUBLIC SECTOR SCHEMES)
SECTION 307-200.05 MEANING OF SUPERANNUATION INTERESTS - TREATING A SUPERANNUATION INTEREST AS 2 OR MORE SUPERANNUATION INTERESTS (SUPERANNUATION INCOME STREAMS)
SECTION 307-205.01 VALUE OF SUPERANNUATION INTEREST FOR CALCULATING PRE-JULY 83 AMOUNT FOR MEMBERS IN THE CONTRIBUTIONS AND INVESTMENT PHASE
SECTION 307-205.01A HOW TO CALCULATE THE VALUE OF A RETIREMENT BENEFIT FOR STEP 1 OF THE METHOD IN SUBSECTION 307-205.01(2)
SECTION 307-205.02 VALUE OF SUPERANNUATION INTEREST
SECTION 307-205.02A VALUE OF SUPERANNUATION INTEREST - SUPERANNUATION INCOME STREAMS OR SUPERANNUATION ANNUITIES BASED ON IDENTIFIABLE AMOUNTS
SECTION 307-205.02B VALUE OF SUPERANNUATION INTEREST - PUBLIC SECTOR SUPERANNUATION SCHEMES
SECTION 307-205.02C VALUE OF SUPERANNUATION INTEREST - DEFERRED SUPERANNUATION INCOME STREAMS
SECTION 307-205.02D VALUE OF SUPERANNUATION INTEREST - POOLED INVESTMENT PENSIONS
SECTION 307-205.02E VALUE OF SUPERANNUATION INTEREST - POOLED INVESTMENT ANNUITIES
PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 393 - Farm management deposits
Subdivision 393-B - Meaning of farm management deposit and owner
SECTION 393-20.01 APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT - INFORMATION GIVEN BY DEPOSITOR
SECTION 393-20.02 APPLICATION FORM FOR A FARM MANAGEMENT DEPOSIT - INFORMATION GIVEN TO DEPOSITOR
SECTION 393-40.01 REPAYMENT OF FARM MANAGEMENT DEPOSIT IN THE EVENT OF A NATURAL DISASTER
Division 418 - Exploration for minerals
Subdivision 418-DA - Exploration credits allocation
SECTION 418-103.01 MEANING OF ANNUAL EXPLORATION CAP - 2023-24 INCOME YEAR
SECTION 418-103.02 MEANING OF ANNUAL EXPLORATION CAP - 2024-25 INCOME YEAR
CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5 - GENERAL
Division 775 - Foreign currency gains and losses
Subdivision 775-B - Realisation of forex gains or losses
SECTION 775-145.01 APPLICATION OF FOREX EVENTS TO CURRENCY AND FUNGIBLE RIGHTS AND OBLIGATIONS
Division 830 - Foreign hybrids
Subdivision 830-A - Meaning of ' foreign hybrid '
SECTION 830-15.01 FOREIGN HYBRID COMPANY
CHAPTER 6 - THE DICTIONARY
PART 6-1 - CONCEPTS AND TOPICS
Division 960 - General
Subdivision 960-C - Foreign currency
SECTION 960-50.01 TRANSLATION OF FOREIGN CURRENCY AMOUNTS INTO AUSTRALIAN CURRENCY - MODIFICATION OF SPECIAL TRANSLATION RULES
Subdivision 960-D - Functional currency
SECTION 960-80.01 TRANSLATION RULES - TRANSLATION INTO APPLICABLE FUNCTIONAL CURRENCY
SECTION 960-80.02 TRANSLATION RULES FOR AN ATTRIBUTABLE TAXPAYER OF A CFC - TRANSLATION INTO APPLICABLE FUNCTIONAL CURRENCY
SECTION 960-80.03 TRANSLATION RULES - TRANSLATION FROM APPLICABLE FUNCTIONAL CURRENCY INTO AUSTRALIAN CURRENCY
Division 974 - Debt and equity interests
Subdivision 974-F - Related concepts
SECTION 974-135.01 NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES ISSUED BY CREDIT UNION OR MUTUAL BUILDING SOCIETY
SECTION 974-135.02 REDEEMABLE PREFERENCE SHARES
SECTION 974-135.03 TERM CUMULATIVE SUBORDINATED NOTE WITH INSOLVENCY OR CAPITAL ADEQUACY CONDITIONS
SECTION 974-135.04 PERPETUAL CUMULATIVE SUBORDINATED NOTE WITH PROFITABILITY, INSOLVENCY OR NEGATIVE EARNINGS CONDITIONS
SECTION 974-135.05 TERM CUMULATIVE SUBORDINATED NOTE WITH NON-VIABILITY CONDITION
PART 6-5 - DICTIONARY DEFINITIONS
Division 995 - Definitions
SECTION 995-1.01 DEFINITIONS
SECTION 995-1.02 APPROVED STOCK EXCHANGES
SECTION 995-1.03 CONSTITUTIONALLY PROTECTED FUNDS
SECTION 995-1.04 DEFINITION OF CONTRIBUTIONS-SPLITTING SUPERANNUATION BENEFIT
SECTION 995-1.05 MEANING OF SUPERANNUATION ANNUITY
SECTION 995-1.06 MEANING OF TERMINAL MEDICAL CONDITION
CHAPTER 7 - TRANSITIONAL MATTERS
PART 1000-1 - TRANSITIONAL MATTERS RELATING TO THE REPEAL OF THE INCOME TAX ASSESSMENT REGULATIONS 1997
SECTION 1000-1.01 DEFINITIONS
SECTION 1000-1.02 THIS INSTRUMENT GENERALLY APPLIES TO INCOME YEARS AND FINANCIAL YEARS STARTING AT OR AFTER THE COMMENCEMENT TIME
SECTION 1000-1.03 VALUATIONS UNDER DIVISION 30 OR 31
SECTION 1000-1.04 COMPLYING SUPERANNUATION FUND CONDITION - ELECTIONS
SECTION 1000-1.05 NOTIONAL TAXED CONTRIBUTIONS - ALLOCATION OF CONTRIBUTIONS
SECTION 1000-1.06 TRANSFER BALANCE DEBITS AND TRANSFER BALANCE CREDITS
SECTION 1000-1.07 APPLICATION OF PRE-1 JULY 88 FUNDING CREDITS
SECTION 1000-1.08 DEPARTING AUSTRALIA SUPERANNUATION PAYMENTS
SECTION 1000-1.09 COMPONENTS OF MEMBER BENEFITS ACCRUING BEFORE 1 JULY 1999 PAID FROM THE MILITARY SUPERANNUATION AND BENEFITS SCHEME - CHOICE OF ALTERNATIVE METHOD
SECTION 1000-1.10 FARM MANAGEMENT DEPOSIT
SECTION 1000-1.11 APPLICATION OF FOREX EVENTS TO CURRENCY AND FUNGIBLE RIGHTS AND OBLIGATIONS - ELECTIONS
SECTION 1000-1.12 TRANSLATING CURRENCY - CHOICES AND ELECTIONS
SECTION 1000-1.13 CERTIFICATES IN RELATION TO TERMINAL MEDICAL CONDITIONS
PART 1000-2 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (MISCELLANEOUS AND TECHNICAL AMENDMENTS) REGULATIONS 2021
SECTION 1000-2.01 APPLICATION OF AMENDMENTS
PART 1000-3 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (2022 MEASURES NO. 4) ACT 2023
SECTION 1000-3.01 DEFINITIONS
SECTION 1000-3.02 APPLICATION OF AMENDMENTS
SECTION 1000-3.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
PART 1000-4 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (MILITARY SUPERANNUATION BENEFITS) REGULATIONS 2023
SECTION 1000-4.01 DEFINITIONS
SECTION 1000-4.02 APPLICATION OF AMENDMENTS
SECTION 1000-4.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
PART 1000-5 - TRANSITIONAL MATTERS RELATING TO THE INCOME TAX ASSESSMENT AMENDMENT (SUPERANNUATION) REGULATIONS 2024
SECTION 1000-5.01 APPLICATION OF AMENDMENTS
PART 1000-6 - TRANSITIONAL MATTERS RELATING TO THE INCOME TAX ASSESSMENT AMENDMENT (TRANSFER BALANCE ACCOUNT VALUE FOR CERTAIN SUPERANNUATION INCOME STREAMS) REGULATIONS 2024
SECTION 1000-6.01 DEFINITIONS
SECTION 1000-6.02 APPLICATION OF AMENDMENTS
SECTION 1000-6.03 MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS
SCHEDULE 1A
PART 1 - PRELIMINARY
Division 1 - Definitions
1.1 Meaning of accruing member
1.2 Meaning of benefit category
1.3 Meaning of defined benefit fund
1.4 Accruing member must not belong to more than one benefit category at the same time unless certified by an actuary
1.5 Meaning of fund benefit
Division 2 - Method
1.6 Method of working out amount of notional taxed contributions if the fund benefit is wholly sourced from an accumulation of contributions made in respect of the member
1.7 Method of working out amount of notional taxed contributions in respect of a benefit category if the fund benefit is not wholly sourced from an accumulation of contributions made in respect of the member
1.8 Method of working out amount of notional taxed contributions
PART 2 - NEW ENTRANT RATE
2.1 Method of working out new entrant rate for a benefit category
2.2 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
2.3 New entrant rate to be rounded down
2.4 No allowance for administration expenses or income tax on assessable contributions
2.5 Certain discretions to be allowed for
2.6 Method of working out new entrant rate for a member
PART 3 - VALUATION PARAMETERS
3.1 Application of economic, decrement and other parameters
3.2 Discount rate
3.3 Fund earning rate and crediting rate
3.4 Rate of future salary or wages growth
3.5 Rate of increase in price indices
3.6 New entrant age
3.7 Exit rates
3.8 Pensions
3.9 Mortality of pensioners
3.10 Taxed and untaxed benefits
3.11 Other assumptions to be set by the actuary
PART 4 - EXERCISE OF DISCRETION TO PAY A BENEFIT GREATER THAN THE BENEFIT ASSUMED IN CALCULATING THE NEW ENTRANT RATE
4.1 Method of working out the increased exit benefit adjustment amount in the formula in clause 1.8
PART 5 - MEMBER HAS CHANGED BENEFIT CATEGORY
5.1 Method of working out the category change or discretion adjustment amount in the formula in clause 1.8
PART 6 - GOVERNING RULES HAVE CHANGED
6.1 Method of working out governing rules change adjustment amount in the formula in clause 1.8
PART 7 - NON ARM ' S LENGTH INCREASE IN SUPERANNUATION SALARY
7.1 Method of working out the increased superannuation salary adjustment amount in the formula in clause 1.8
SCHEDULE 1AA
PART 1 - PRELIMINARY
Division 1 - Definitions
1 Meaning of accruing member
2 Meaning of benefit category
2A Meaning of defined benefit fund
2B Treatment of superannuation sub-funds
3 Accruing member must not belong to more than one benefit category at the same time unless certified by an actuary
Division 2 - Method
4 Method of determining amount of defined benefit contributions
PART 2 - NEW ENTRANT RATE
5 Method of working out new entrant rate for a benefit category
6 New entrant rate to be based on period of membership needed to reach maximum benefit accrual
7 New entrant rate to be rounded down
8 No allowance for administration expenses or income tax on assessable contributions
9 Certain discretions to be allowed for
PART 3 - VALUATION PARAMETERS
10 Application of economic, decrement and other parameters
11 Discount rate
12 Fund earning rate and crediting rate
13 Rate of future salary or wages growth
14 Rate of increase in price indices
15 New entrant age
16 Exit rates
17 Pensions
18 Mortality of pensioners
19 Other assumptions to be set by the actuary
PART 4 - EXERCISE OF DISCRETION TO PAY A BENEFIT GREATER THAN THE BENEFIT ASSUMED IN CALCULATING THE NEW ENTRANT RATE
20 Method of working out the increased exit benefit adjustment amount in the formula in subclause 4(2)
PART 5 - MEMBER HAS CHANGED BENEFIT CATEGORY
21 Method of working out the category change or discretion adjustment amount in the formula in subclause 4(2)
PART 6 - GOVERNING RULES HAVE CHANGED
22 Method of working out governing rules change adjustment amount in the formula in subclause 4(2)
PART 7 - NON-ARM ' S LENGTH INCREASE IN SUPERANNUATION SALARY
23 Method of working out the increased superannuation salary adjustment amount in the formula in subclause 4(2)
SCHEDULE 1B
1 Income stream valuation factors
2 Lump sum valuation factors
SCHEDULE 1C
PART 1 - STATEMENTS
1 Statements for the purposes of paragraph 393-20.02(a)
PART 2 - REQUIRED STATEMENTS
2 Statements for the purposes of paragraph 393-20.02(b)
PART 3 - ADDITIONAL INFORMATION
3 Additional information for the purposes of paragraph 393-20.02(c)
SCHEDULE 2
PART 1 - RULES AND REQUIREMENTS FOR ITEM 12 OF THE TABLE IN SUBSECTION 960 50(6) OF THE ACT
1 Exchange rate - consistency with accounting standards used by entity
2 Choice of daily exchange rate
3 Choice of average exchange rate
PART 2 - TRANSLATION OF FOREIGN CURRENCY AMOUNTS INTO AUSTRALIAN CURRENCY - RULES AND REQUIREMENTS FOR ITEM 11A OF THE TABLE IN SUBSECTION 960 50(6) OF THE ACT
4 Exchange rate - consistency with an entity ' s financial records
SCHEDULE 3
1 Approved stock exchanges

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