Income Tax Assessment (1997 Act) Regulations 2021
Subsection (2) applies in relation to a defined benefit interest at a particular time if, at that time: (a) the interest is not in the retirement phase; and (b) the interest has a family law value; and (c) subsection (4) of this section does not apply to the interest.
307-230A.01(2)
For the purposes of paragraph 307-230A(1)(a) of the Act: (a) if there is no alternative valuation method for the interest - the family law value is specified; or (b) if there is an alternative valuation method for the interest - the alternative valuation method is specified.
Certain lump sum-only interests
307-230A.01(3)
Subsection (4) applies in relation to a defined benefit interest at a particular time if, at that time: (a) the interest is not in the retirement phase; and (b) section 307-230A.08 applies to the interest.
307-230A.01(4)
For the purposes of paragraph 307-230A(1)(a) of the Act: (a) if there is no alternative valuation method for the interest - the vested benefits total of the interest is specified; or (b) if there is an alternative valuation method for the interest - the alternative valuation method is specified.
Note:
For the total superannuation balance value of a superannuation interest that is not a superannuation interest to which this section or section 307-230A.02 of this instrument relates, see paragraph 307-230A(1)(b) of the Act.
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