Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-G - Other concepts  

SECTION 307-400   Meaning of service period for a superannuation lump sum  

307-400(1)  
The service period for a *superannuation lump sum consists of each day that is in the period worked out under the table or a period covered by subsection (2).


Service period for superannuation lump sum types
Item For this superannuation lump sum type: The service period includes:
1 * Superannuation fund payment The following:
(a) if some or all of the * superannuation lump sum accrued while you were, or the deceased was, a member of the * superannuation fund - the period of membership;
(b) if some or all of the superannuation lump sum accrued while you were, or the deceased was, employed (or you or the deceased held office) - each period of employment (or of holding office) to which the lump sum relates.
2 * approved deposit fund payment The period starting when you or the deceased first made a deposit to the * approved deposit fund and ending when the payment is made.
3 * RSA payment The following:
(a) if some or all of the * superannuation lump sum accrued while you were, or the deceased was, the holder of the * RSA - the period during which you were, or the deceased was, the holder of the RSA;
(b) if some or all of the superannuation lump sum accrued while you were, or the deceased was, employed (or you or the deceased held office) - each period of employment (or of holding office) to which the lump sum relates.

307-400(2)  
The service period for the *superannuation lump sum (the later lump sum ) also includes each day that is in the *service period for an earlier superannuation lump sum if some or all of the later lump sum is attributable, directly or indirectly, to some or all of the earlier lump sum through the payment of one or more *roll-over superannuation benefits.


 

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.