Document ID: chunk:federal_register_of_legislation:C2023C00409:section:43:p1
Version: federal_register_of_legislation:C2023C00409
Segment Type: section
Provision Reference: s 43 (pt 1/9)
Character Range: 86158–88947

43  Definitions
  In this Act, unless the contrary intention applies:
adjusted taxable income has the meaning given by section 7A or 7B, whichever is applicable.
advance instalment has the meaning given by section 11.
allocated surplus amount, in relation to a member of a superannuation fund in relation to a financial year, means an amount that is allocated by the relevant superannuation (accumulated benefits) provider for the benefit of the member in respect of the financial year (other than an amount paid for or by the member to the provider) to the extent to which the allocated amount exceeds an amount that, in the opinion of an eligible actuary according to Australian actuarial practice, is reasonable having regard to:
 (a) the amounts paid by or for the member to the provider; and
 (b) the fund's investment earnings relating to the member's interest in the fund; and
 (c) any other relevant matters.
annuity has the same meaning as in section 10 of the Superannuation Industry (Supervision) Act 1993 and includes such an annuity that is not presently payable.
approved deposit fund has the same meaning as in section 10 of the Superannuation Industry (Supervision) Act 1993.
assessment means an assessment made under subsection 15(1).
class: a single member may constitute a class of members and a single superannuation scheme may constitute a class of superannuation schemes.
Commissioner means the Commissioner of Taxation.
complying approved deposit fund has the meaning given by section 47 of the Superannuation Industry (Supervision) Act 1993.
complying superannuation fund has the meaning given by section 45 of the Superannuation Industry (Supervision) Act 1993.
contributed amounts:
 (a) in relation to a member (other than a member of a defined benefits superannuation scheme) for a financial year, means:
 (i) any amounts paid for or by the member to, or otherwise credited or attributed to an account for the member by, a superannuation provider for the financial year other than amounts to which subparagraph (ii) or (iii) applies, less any part of such an amount that is, under the regulations, to be regarded as reasonably attributable to interest; and
 (ii) if there are any regulations in force for the purposes of this subparagraph in respect of the financial year—any amounts referred to in the regulations that are credited, allocated or attributable to the member for the financial year less any part of such an amount that is, under the regulations, to be regarded as reasonably attributable to interest; and
 (iii) if there are no regulations in force for the purposes of subparagraph (ii) and the financial year is later than the 1996‑97 financial year—any allocated surplus amount in relation to the member in respect of the financial year; or
 (b)