Superannuation Industry (Supervision) Regulations 1994

PART 6 - PAYMENT STANDARDS  

Division 6.7 - Spouse contributions-splitting amounts  

REGULATION 6.40   6.40   INTERPRETATION  


In this Division:

allocated surplus contribution amount
means an amount that is allocated from a regulated superannuation fund surplus, by a trustee, to meet an employer's liability to make contributions.

applicant
means a member who makes an application under subregulation 6.44(1) .

concessional contributions
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

concessional contributions cap
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

contributions segment
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

contributions-splitting superannuation benefit
means a payment made in accordance subregulation 6.45(2) .

crystallised segment
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

defined benefit component
has the meaning given by regulation 6.31 .

directed termination payment
has the meaning given by section 82-10F of the Income Tax (Transitional Provisions) Act 1997 .

element taxed in the fund
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

element untaxed in the fund
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

eligible non-resident non-complying superannuation fund
(Repealed by SLI No 74 of 2007)

foreign superannuation fund
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

maximum splittable amount
, in relation to a financial year, means:


(a) for taxed splittable contributions - the lesser of:


(i) 85% of the concessional contributions for that financial year; and

(ii) the concessional contributions cap for that financial year; and


(b) for untaxed splittable contributions - 100% of the amount of the untaxed splittable contributions made in the financial year; and


(c) for untaxed splittable employer contributions - 100% of the concessional contributions cap for that financial year.

post-June 83 component
(Repealed by SLI No 74 of 2007)

preservation age
has the meaning given by regulation 6.01 .

relevant financial year
, in relation to an application made under:


(a) paragraph 6.44(1)(a) , means the last financial year that ended before the date of the application; or


(b) paragraph 6.44(1)(b) , means the financial year in which the application is made.

splittable contribution
has the meaning given by regulation 6.42 .

superannuation benefit
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

superannuation lump sum
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

superannuation interest
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

taxable component
has the meaning given by subsection 995-1(1) of the 1997 Tax Act.

taxed splittable contribution
has the meaning given by regulation 6.41 .

undeducted contributions
(Repealed by SLI No 74 of 2007)

untaxed splittable contribution
has the meaning given by regulation 6.41 .

untaxed splittable employer contribution
has the meaning given by regulation 6.41 .




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