Step 3. The of the component element taxed in the fund *taxable consists of so much of the taxable component as is attributable to the amount set out in column 3 of the table for the claimed equivalent (or as is attributable to the amounts set out in that column for the claimed equivalents). (3) This is the table mentioned in subsection (2): Element taxed in the fund Item Column 1 Column 2 Column 3 Unclaimed amount Claimed Taxed element of equivalent claimed equivalent 1 an amount paid, on or after a the taxed in *superannuation *element 1 July 2007, to the benefit paid from a the fund of the Commissioner under component *superannuation *taxable subsection 17(1) of the plan of that superannuation Superannuation (Unclaimed benefit Money and Lost Members) Act in respect of the person 1999 2 an amount paid, before 1 July an eligible the taxed element of 2007, to the Commissioner termination the postJune 83 under subsection 17(1) of the payment (within the component of that meaning of eligible termination Superannuation (Unclaimed subsection 27A(1) payment under Money and Lost Members) Act in respect of the person of the Subdivision AA of 1999 Income Tax Division 2 of Part III Assessment Act as in force of the 1936, Income Tax just before 1 July Assessment Act 1936, 2007) as in force just before 1 July 2007
Step 3. The element taxed in the fund of the *taxable component consists of so much of the taxable component as is attributable to the amount set out in column 3 of the table for the claimed equivalent (or as is attributable to the amounts set out in that column for the claimed equivalents). (3) This is the table mentioned in subsection (2): Element taxed in the fund Item Column 1 Unclaimed amount Column 2 Claimed equivalent Column 3 Taxed element of claimed equivalent 1 an amount paid, on or after 1 July 2007, to the Commissioner under subsection 17(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in respect of the person a *superannuation benefit paid from a *superannuation plan the *element taxed in the fund of the *taxable component of that superannuation benefit 2 an amount paid, before 1 July 2007, to the Commissioner under subsection 17(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in respect of the person an eligible termination payment (within the meaning of subsection 27A(1) of the Income Tax Assessment Act 1936, as in force just before 1 July 2007) the taxed element of the postJune 83 component of that eligible termination payment under Subdivision AA of Division 2 of Part III of the Income Tax Assessment Act 1936, as in force just before 1 July 2007
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx