Document ID: chunk:federal_register_of_legislation:C2011C00517:clause:4_29
Version: federal_register_of_legislation:C2011C00517
Segment Type: clause
Provision Reference: sch 4 cl 29
Character Range: 43120–43904

29  After section 307‑295
Insert:

307‑297  Public sector superannuation schemes—elements set by regulations

 (1) This section applies to a *superannuation benefit that is paid from a *public sector superannuation scheme that is not a *constitutionally protected fund.

 (2) Despite any other provision of this Subdivision, the *taxable component of the *superannuation benefit consists of an element untaxed in the fund equal to the amount (if any) specified by the regulations in relation to the benefit for the purposes of this section.

 (3) The amount specified must not be less than the amount that would be the *element untaxed in the fund under the other provisions of this Subdivision.

Part 6—Amendment of the Superannuation (Unclaimed Money and Lost Members) Act 1999