Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 307
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Key concepts relating to superannuation benefits
Subdivision 307-D
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Superannuation interests
SECTION 307-230A.09
TOTAL SUPERANNUATION BALANCE VALUE
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MAXIMUM COMMUTATION AMOUNT
307-230A.09(1)
This section applies to a superannuation interest at a particular time if, at that time: (a) the interest supports a superannuation income stream provided under a contract or rules that meet the standards of subregulation 1.06A(2) of the SIS Regulations; and (b) sections 307-205.02C , 307.205.02D and 307.205.02E of this instrument do not apply to the interest.
307-230A.09(2)
The maximum commutation amount of the interest is the amount worked out under paragraph 1.06B(1)(c) of the SIS Regulations for the superannuation income stream at that time.
This section applies to a superannuation interest at a particular time if, at that time: (a) the interest supports a superannuation income stream provided under a contract or rules that meet the standards of subregulation 1.06A(2) of the SIS Regulations; and (b) sections 307-205.02C , 307.205.02D and 307.205.02E of this instrument do not apply to the interest.
307-230A.09(2)
The maximum commutation amount of the interest is the amount worked out under paragraph 1.06B(1)(c) of the SIS Regulations for the superannuation income stream at that time.
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