INCOME TAX ASSESSMENT REGULATIONS 1997

PART 3 - SUPERANNUATION BENEFITS PAID FROM COMPLYING PLANS ETC  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-D - Superannuation interests  

REGULATION 307-200.03   MEANING OF SUPERANNUATION INTERESTS - TREATING A SUPERANNUATION INTEREST AS 2 OR MORE SUPERANNUATION INTERESTS (PUBLIC SECTOR SCHEMES)  

307-200.03(1)  
For subsection 307-200(1) of the Act, this regulation explains how to treat a superannuation interest in a public sector superannuation scheme as 2 or more superannuation interests.

307-200.03(2)  
The interest is to be treated as 2 interests if:


(a) the superannuation benefit that is to be paid from the scheme is sourced:


(i) partly from contributions made into the scheme or earnings on those contributions; and

(ii) partly from 1 or more other sources; or


(b) the superannuation benefits that are to be paid from the scheme are sourced:


(i) partly from contributions made into the scheme or earnings on those contributions; and

(ii) partly from 1 or more other sources.

307-200.03(3)  
For subregulation (2), the interests are:


(a) an interest that consists of the contributions made into the scheme and the earnings on those contributions; and


(b) an interest that consists of the remainder of the amount sourced from the other source or sources.

307-200.03(4)  


For this regulation, an amount specified in a notice given under subsection 307-285(1) of the Act by the trustee of a scheme is not included as contributions made into the scheme or earnings on those contributions.

307-200.03(5)  
(Repealed by SLI No 202 of 2007)




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