Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 11   Dictionary

Income Tax Assessment Act 1997

3   At the end of section 307-205


(2) The accumulation phase value of an individual's *superannuation interest, at a particular time when the interest is not in the *retirement phase, is:

(a) if the regulations specify that value or a method for determining that value - that value; or

(b) otherwise - the total amount of the *superannuation benefits that would become payable if the individual voluntarily caused the interest to cease at that time.