Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-D - Superannuation interests  

SECTION 307-225   What is the crystallised segment ?  

307-225(1)  
To work out the crystallised segment of a *superannuation interest, first assume that:


(a) an eligible termination payment had been made in respect of the holder of the interest just before 1 July 2007; and


(b) the amount of the eligible termination payment had been equal to the *value of the interest at that time.

307-225(2)  


The crystallised segment of the *superannuation interest is the total amount of the following components of the eligible termination payment:


(a) the concessional component;


(b) the post-June 1994 invalidity component;


(c) the undeducted contributions;


(d) the CGT exempt component;


(e) the pre-July 83 component.

This section has effect subject to subsection 307-210(2) .

Note:

This segment may be reduced if a superannuation benefit is paid from the superannuation interest: see subsection 307-210(2) .

307-225(3)  
For the purposes of paragraph (2)(e), disregard the *value of the interest just before 1 July 2007 to the extent that it would consist, apart from this subsection, of the *element untaxed in the fund of the *taxable component of a *superannuation benefit constituted by the eligible termination payment.

307-225(4)  
In this section, the following terms have the same meaning as in subsection 27A(1) of the Income Tax Assessment Act 1936 (as in force just before 1 July 2007):


(a) concessional component ;


(b) post-June 1994 invalidity component ;


(c) undeducted contributions ;


(d) CGT exempt component ;


(e) pre-July 83 component ;


(f) eligible termination payment .


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.