INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-D - Superannuation interests  

SECTION 307-205   Value of superannuation interest  

307-205(1)  


The value of a *superannuation interest at a particular time is:


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


(b) otherwise - the total amount of all the *superannuation lump sums that could be payable from the interest at that time.

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.


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