Income Tax Assessment (1997 Act) Regulations 2021
Subsection (2) applies in relation to a superannuation interest at a particular time if, at that time, either: (a) the interest supports an income stream that is a pension payable under section 16 or 26 of the Australian Defence Force Cover Act 2015 ; or (b) the interest supports an income stream that is a pension payable under section 123 of the Federal Circuit and Family Court of Australia Act 2021 .
307-230A.03(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.
307-230A.03(3)
Subsection (4) applies to a superannuation interest at a particular time, if, at that time, the interest supports a superannuation income stream provided under a contract or rules that meet the standards of subregulation 1.06A(2) of the SIS Regulations.
307-230A.03(4)
For the purposes of paragraph 307-230A(1)(a) of the Act, the following value is specified: (a) if section 307-230A.09 applies to the interest - the maximum commutation amount of the interest; (b) otherwise - the value of the interest (within the meaning of section 307-205 of the Act).
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