291170 Notional taxed contributions (1) Your for a year in respect notional taxed contributions *financial of a benefit interest has the meaning given by the *defined regulations. Note: For transitional provisions about notional taxed contributions that were previously in former subsections 292170(6) to (9), see Subdivision 291C of the Income Tax (Transitional Provisions) Act 1997. (2) Regulations made for the purposes of subsection (1) may provide for a method of determining the amount of the notional contributions. (3) Regulations made for the purposes of subsection (1) may define the taxed contributions, and the amount of notional taxed *notional contributions, in different ways depending on any of the following matters: (a) the individual who has the interest that is or *superannuation includes the benefit interest; *defined (b) the plan in which the superannuation interest *superannuation exists; (c) the provider in relation to the *superannuation superannuation plan; (d) any matter. (4) Regulations made for the purposes of subsection (1) may specify circumstances in which the amount of taxed contributions *notional for a year is nil. *financial (5) Subsections (2), (3) and (4) do not limit the regulations that may be made for the purposes of this section. 291175 Defined benefit interest (1) An individual’s interest is a defined benefit *superannuation to the extent that it defines the individual’s entitlement to interest benefits payable from the interest by reference to *superannuation one or more of the following matters:
291170 Notional taxed contributions (1) Your notional taxed contributions for a *financial year in respect of a *defined benefit interest has the meaning given by the regulations. Note: For transitional provisions about notional taxed contributions that were previously in former subsections 292170(6) to (9), see Subdivision 291C of the Income Tax (Transitional Provisions) Act 1997. (2) Regulations made for the purposes of subsection (1) may provide for a method of determining the amount of the notional contributions. (3) Regulations made for the purposes of subsection (1) may define the *notional taxed contributions, and the amount of notional taxed contributions, in different ways depending on any of the following matters: (a) the individual who has the *superannuation interest that is or includes the *defined benefit interest; (b) the *superannuation plan in which the superannuation interest exists; (c) the *superannuation provider in relation to the superannuation plan; (d) any matter. (4) Regulations made for the purposes of subsection (1) may specify circumstances in which the amount of *notional taxed contributions for a *financial year is nil. (5) Subsections (2), (3) and (4) do not limit the regulations that may be made for the purposes of this section. 291175 Defined benefit interest (1) An individual’s *superannuation interest is a defined benefit interest to the extent that it defines the individual’s entitlement to *superannuation benefits payable from the interest by reference to one or more of the following matters:
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx