Document ID: chunk:federal_register_of_legislation:C2009A00027:clause:2_3
Version: federal_register_of_legislation:C2009A00027
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 32946–34363

3                   an amount paid to the Commissioner under subsection 20F(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in respect of the person (other than an amount referred to in section 65AA of the Superannuation Guarantee (Administration) Act 1992)  a *superannuation benefit paid from a *superannuation plan                                                                                            the *tax free component of that superannuation benefit

Note 1: Section 65AA of the Superannuation Guarantee (Administration) Act 1992 requires certain shortfall components to be treated as amounts paid to the Commissioner under subsection 20F(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999.

 The effect of excluding such shortfall components from item 3 of the table in this subsection is that the taxable component includes so much of the superannuation benefit as is attributable to such a shortfall component.

Note 2: The table in this subsection does not cover interest paid by the Commissioner under subsection 20H(2A) of the Superannuation (Unclaimed Money and Lost Members) Act 1999.

 The effect of this is that the taxable component includes so much of the superannuation benefit as is attributable to such interest.

Taxable component

 (4) The *taxable component is so much (if any) of the *superannuation benefit as is not the *tax free component.