307205 of superannuation interest Value The of a interest at a particular time is: value *superannuation (a) if the regulations specify a method for determining the value of the superannuation interest—that value; or (b) otherwise—the total amount of all the lump *superannuation sums that could be payable from the interest at that time. 307210 of superannuation interest Tax free component (1) The of a interest is so much of tax free component *superannuation the of the interest as consists of: *value (a) the segment of the interest; and *contributions (b) the segment of the interest. *crystallised Tax free component reduces if a benefit is paid (2) If a benefit is paid from the *superannuation *superannuation interest: (a) the segment of the interest is reduced (but not *crystallised below zero) by an amount equal to the free component *tax of the benefit; and (b) if any of that amount remains, the segment of *contributions the interest is reduced (but not zero) by that remaining amount. Note: This has the effect of reducing the interest’s tax free component by the amount of the benefit’s tax free component. 307215 of superannuation interest Taxable component The of a interest is the taxable component *superannuation *value of the interest less the free component of the interest. *tax 307220 What is the contributions segment? (1) The of a interest is the total contributions segment *superannuation amount of the contributions to the interest:
307205 Value of superannuation interest The value of a *superannuation interest at a particular time is: (a) if the regulations specify a method for determining the value of the superannuation interest—that value; or (b) otherwise—the total amount of all the *superannuation lump sums that could be payable from the interest at that time. 307210 Tax free component of superannuation interest (1) The tax free component of a *superannuation interest is so much of the *value of the interest as consists of: (a) the *contributions segment of the interest; and (b) the *crystallised segment of the interest. Tax free component reduces if a benefit is paid (2) If a *superannuation benefit is paid from the *superannuation interest: (a) the *crystallised segment of the interest is reduced (but not below zero) by an amount equal to the *tax free component of the benefit; and (b) if any of that amount remains, the *contributions segment of the interest is reduced (but not zero) by that remaining amount. Note: This has the effect of reducing the interest’s tax free component by the amount of the benefit’s tax free component. 307215 Taxable component of superannuation interest The taxable component of a *superannuation interest is the *value of the interest less the *tax free component of the interest. 307220 What is the contributions segment? (1) The contributions segment of a *superannuation interest is the total amount of the contributions to the interest:
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx