INCOME TAX ASSESSMENT REGULATIONS 1997
METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONSPART 1 - PRELIMINARY 1.7 1.7 Standard method for working out amount of notional taxed contributions in respect of a benefit category for an accruing member of the benefit category if the fund benefit is not wholly sourced from an accumulation of contributions made in respect of the member
If section 1.6 does not apply, the standard method for working out the amount of notional taxed contributions for an accruing member of a benefit category of a defined benefit fund for a financial year is:
|1.2||×||(||New entrant rate||×||S||×||
is the amount of member contributions paid by or on behalf of the member in respect of the member ' s defined benefit interest in the fund during that part of the financial year that the member was an accruing member of the benefit category, and which are not assessable income of the fund.