Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 4 Providing certainty for superannuation fund mergers
Part 1 Main amendments
Income Tax Assessment Act 1997
4 At the end of section 307-220
(5) For the purposes of subparagraph (2)(a)(ib), the amount is:
(a) if the *involuntary roll-over superannuation benefit is covered by paragraph 306-12(a) or (c) - the sum of the contributions segment, and crystallised segment, of the earlier interest immediately before the benefit was paid; or
(b) if the benefit is covered by paragraph 306-12(b) - the proportion of that sum that the benefit was to the *value of the earlier interest immediately before the benefit was paid.