Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 6/12)
Character Range: 4805087–4808025

interest at that time.
 (2) The crystallised segment of the *superannuation interest is the total amount of the following components of the eligible termination payment:
 (a) the concessional component;
 (b) the post‑June 1994 invalidity component;
 (c) the undeducted contributions;
 (d) the CGT exempt component;
 (e) the pre‑July 83 component.
This section has effect subject to subsection 307‑210(2).
Note: This segment may be reduced if a superannuation benefit is paid from the superannuation interest: see subsection 307‑210(2).
 (3) For the purposes of paragraph (2)(e), disregard the *value of the interest just before 1 July 2007 to the extent that it would consist, apart from this subsection, of the *element untaxed in the fund of the *taxable component of a *superannuation benefit constituted by the eligible termination payment.
 (4) In this section, the following terms have the same meaning as in subsection 27A(1) of the Income Tax Assessment Act 1936 (as in force just before 1 July 2007):
 (a) concessional component;
 (b) post‑June 1994 invalidity component;
 (c) undeducted contributions;
 (d) CGT exempt component;
 (e) pre‑July 83 component;
 (f) eligible termination payment.

307‑230  Total superannuation balance
 (1) Your total superannuation balance, at a particular time, is the sum of the following:
 (a) if you have one or more *superannuation interests that are not in the *retirement phase—the *accumulation phase values, at that time, of each such interest;
 (b) if you have a *transfer balance account—the *transfer balance of the account at that time (but not less than nil);
 (c) the amount of each *roll‑over superannuation benefit:
 (i) paid at or before that time; and
 (ii) received by the *complying superannuation plan, or the entity from which the *superannuation annuity is being purchased, after that time; and
 (iii) not reflected in the value in paragraph (a) or the balance in paragraph (b);
 (d) if you have an LRBA amount under section 307‑231 (about limited recourse borrowing arrangements) in relation to one or more *regulated superannuation funds—the LRBA amounts for each such regulated superannuation fund.

Modification for structured settlement contributions
 (2) However, if a *structured settlement contribution is made at or before a time in respect of you, your total superannuation balance at that time is modified by:
 (a) if you do not have a *transfer balance account—reducing the sum worked out under subsection (1) by the sum of any such structured settlement contributions; and
 (b) if you have a transfer balance account:
 (i) first, working out the *transfer balance mentioned in paragraph (1)(b) disregarding the operation of item 2 of the table in subsection 294‑80(1); and
 (ii) then, reducing the sum worked out under subsection (1) (having regard to subparagraph (i) of this paragraph) by the sum of any such structured settlement contributions.

Modification