SUPERANNUATION CONTRIBUTIONS TAX (ASSESSMENT AND COLLECTION) REGULATIONS 1997 (REPEALED)
METHOD FOR WORKING OUT AMOUNT OF SURCHARGEABLE CONTRIBUTIONS
(paragraph 2M(3)(a) )
Part 8 - Increases in employer-provided benefits not allowed for under Part 3, 4, 5 or 6 - G 22 General rule 22(1)If the event is of a kind mentioned in clause 23, 24, 25 or 26, the actuarial value of any increase in the employer-provided benefits that accrued to the member for the financial year because of the occurrence of the event is an amount worked out in accordance with the clause that relates to the event.
22(2)
If:
(a) the event is not of a kind mentioned in clause 23, 24, 25 or 26; and
(b) because of the occurrence of the event, the actuarial value of all employer-provided benefits that had accrued to the member immediately after the event is greater than the actuarial value of all employer-provided benefits that had accrued to the member immediately before the event;
the actuarial value of the increase in the employer-provided benefits that accrued to the member for the financial year is an amount worked out, in accordance with this Schedule, that represents the difference between:
(c) the actuarial value of all employer-provided benefits that had accrued to the member immediately after the event; and
(d) the actuarial value of all employer-provided benefits that had accrued to the member before the event.
22(3)
If the member's scheme is a funded scheme, the amount worked out under subclause (2) is to be divided by 0.85.
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