Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 3/12)
Character Range: 4797119–4800047

only to the extent that it is attributable to a *superannuation interest that existed just before 1 July 2007.
 (3) If the *superannuation lump sum includes an *element untaxed in the fund:
 (a) increase the *tax free component of the benefit by the amount that is the lesser of these amounts:
 (i) the amount worked out under subsection (4); and
 (ii) the amount of the element untaxed in the fund (apart from this section); and
 (b) reduce the element untaxed in the fund by the lesser of those amounts.
 (4) Work out the amount by applying the following formula:
where:
original tax free component and untaxed element is the sum of:
 (a) the *tax free component of the *superannuation benefit (apart from this section); and
 (b) the *element untaxed in the fund of the superannuation benefit (apart from this section).
 (5) If the benefit is in part attributable to a *crystallised pre‑July 83 amount, in working out the *tax free component of the *superannuation benefit (apart from this section) for the purposes of subsection (4), disregard the amount of the benefit that is attributable to the *crystallised segment of the *superannuation interest from which the benefit is paid.

Subdivision 307‑D—Superannuation interests

Table of sections
307‑200 Regulations relating to meaning of superannuation interests
307‑205 Value of superannuation interest
307‑210 Tax free component of superannuation interest
307‑215 Taxable component of superannuation interest
307‑220 What is the contributions segment?
307‑225 What is the crystallised segment?
307‑230 Total superannuation balance
307‑231 Limited recourse borrowing arrangements

307‑200  Regulations relating to meaning of superannuation interests
 (1) In the circumstances specified in the regulations, treat a superannuation interest as two or more superannuation interests in the way specified in the regulations.
 (2) In the circumstances specified in the regulations, treat 2 or more superannuation interests as one superannuation interest in the way specified in the regulations.
 (3) Regulations for the purposes of this section may specify a way of treating a *superannuation interest in relation to one or more of the following aspects of the interest:
 (a) the *tax free component (and the *contributions segment and *crystallised segment relating to that component);
 (b) the *taxable component;
 (c) the *element taxed in the fund of the taxable component;
 (d) the *element untaxed in the fund of the taxable component.
 (4) Regulations for the purposes of subsection (1) may specify a way of allocating an amount relating to a *superannuation interest treated as two or more superannuation interests in accordance with those regulations to those interests.
 (5) Subsections (3) and (4) do not limit the regulations that may be made for the purposes of this section.

307‑205  Value of superannuation interest
 (1) The value of a *superannuation interest at