Income Tax Assessment Regulations 1997 (Repealed)
SCHEDULE 1A
If the rules of the fund provide for benefits to be paid on either a taxed or an untaxed basis, the actuary is to assume that the employer component of the fund benefit is paid as a taxed benefit.
(subregulations 292-170.02(2) , 292-170.05(2) and (3) and 292-170.06(2) and (3))
METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS
PART 3 - VALUATION PARAMETERS 3.10 3.10 Taxed and untaxed benefitsIf the rules of the fund provide for benefits to be paid on either a taxed or an untaxed basis, the actuary is to assume that the employer component of the fund benefit is paid as a taxed benefit.
Note:
This situation applies to a small number of funds where the employer component of the fund benefit is generally met by a last minute contribution to the superannuation fund.
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