Income Tax Assessment Regulations 1997 (Repealed)
View history note
Hide history noteFor the purposes of subsection 294-135(4) of the Act, the special 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 regulation 294-130.01 , is the amount worked out using the formula:
Annual entitlement × 16
where:
annual entitlement
means the amount worked out by:
(a) dividing the amount of the first superannuation income stream benefit you are entitled to receive from the income stream just after that time by the number of whole days to which that benefit relates; and
(b) multiplying the result by 365.
294-135.01(2)
Subregulation (1) does not apply to a superannuation interest covered by subregulation (3).
294-135.01(3)
This subregulation covers a superannuation interest that supports an income stream that is, or was at any time, a superannuation income stream prescribed by regulation 294-130.01 to which subregulation 294-130.01(3B) applies.
294-135.01(4)
For the purposes of subsection 294-135(4) of the Act, the special value , at a particular time, of a superannuation interest covered by subregulation (3) is the amount worked out in respect of that time under subsection 294-135(3) of the Act.
294-135.01(5)
For the purposes of subregulation (4), treat the reference in subsection 294-135(3) 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 subregulation (3).
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