Income Tax Assessment Amendment Regulations 2007 (No. 6) (202 of 2007)
Schedule 1 Amendment
[8] Part 2, after regulation 307-205.02
insert
307-205.02A Superannuation income streams or superannuation annuities based on identifiable amounts - value of an interest
For a superannuation income stream or a superannuation annuity mentioned in subparagraph 307-205.02 (1) (a) (ii), the value of the superannuation interest that supports the income stream or annuity is:
(a) the identifiable lump sum amount; or
(b) the amount available in the members account.
307-205.02B Public sector superannuation schemes - value of an interest
A superannuation interest in a public sector superannuation scheme is to be valued:
(a) by using the practice for valuing a superannuation interest (other than an interest that supports a superannuation income stream mentioned in subparagraph 307-205.02 (1) (a) (i)) that was used by the scheme immediately before 28 June 2007; or
(b) if there was not a practice for valuing an interest at that time - by using the method in subregulation 307-205.02 (2).