Document ID: chunk:federal_register_of_legislation:C2004C01280:clause:1_90mq
Version: federal_register_of_legislation:C2004C01280
Segment Type: clause
Provision Reference: sch 1 cl 90MQ
Character Range: 22484–23109

90MQ  Superannuation interests in excess of ETP threshold

 (1) This section applies to a declaration if, at the declaration time, the total withdrawal value for all the superannuation interests of the member spouse is more than the ETP threshold.

 (2) This section does not apply in the circumstances (if any) prescribed by the regulations.

 (3) In this section:

ETP threshold means the upper limit that applies under section 159SG of the Income Tax Assessment Act 1936 for the financial year in which the declaration time occurs.

total withdrawal value means the amount determined in accordance with the regulations.