S 140ZL repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140ZL formerly read:
SECTION 140ZL RBL AMOUNT
-
DISABILITY SUPERANNUATION PENSION
140ZL(1)
RBL amount.
The RBL amount of a disability superannuation pension payable to a person is:
(a)
if the pension is a rebatable superannuation pension
-
the accrued retirement benefit component of the pension; or
(b)
in any other case
-
the amount worked out using the formula:
where:
"
Accrued retirement benefit component
"
means the accrued retirement benefit component of the pension (worked out under subsection (2));
"
Pre-July 83 eligible service period
"
means the number of whole days in so much of the eligible service period for the pension as occurred before 1 July 1983;
"
Post-June 83 eligible service period
"
means the number of whole days in so much of the eligible service period for the pension as occurred on or after 1 July 1983;
"
Total eligible service period
"
means number of whole days in the eligible service period for the pension.
140ZL(2)
Accrued retirement benefit component.
For the purposes of this section, the accrued retirement benefit component of a disability superannuation pension is worked out using the formula:
where:
"
Capital value
"
is the capital value of the pension as at the commencement day of the pension;
"
Pension days
"
means:
(a) if the commencement day of the pension occurs before the person
'
s 65th birthday
-
the number of whole days in the period:
(i) beginning on the commencement day of the pension; and
(ii) ending at the end of the person
'
s 65th birthday; or
(b) in any other case
-
0;
"
Accrual days
"
means the number of whole days in the period:
(a) beginning on the first day of the eligible service period for the pension; and
(b) ending at the end of the person
'
s 65th birthday.
S 140ZL inserted by No 208 of 1992.
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