Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)
Schedule 3 Indexation
Income Tax Assessment Act 1997
6 At the end of section 960-280
Genuine redundancy, early retirement schemes, pre-1 July 88 funding credits
(4) For calculating the amounts mentioned in the provisions listed at items 5, 6 and 7 in section 960-265, the index number for a quarter is the estimate of full-time adult average weekly ordinary time earnings for the middle month of the quarter first published by the Australian Statistician in respect of that month.
(5) Subsection (3) does not apply to the index numbers mentioned in subsection (4).
Exception - superannuation and employment termination
(6) This section does not apply in relation to amounts mentioned in the provisions listed at items 8 to 12 in section 960-265.
Note: For the indexation of those amounts, see section 960-285.
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