Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 4/12)
Character Range: 4799794–4802657

accordance with those regulations to those interests.
 (5) Subsections (3) and (4) do not limit the regulations that may be made for the purposes of this section.

307‑205  Value of superannuation interest
 (1) The value of a *superannuation interest at a particular time is:
 (a) if the regulations specify a method for determining the value of the superannuation interest—that value; or
 (b) otherwise—the total amount of all the *superannuation lump sums that could be payable from the interest at that time.
 (2) The accumulation phase value of an individual's *superannuation interest, at a particular time when the interest is not in the *retirement phase, is:
 (a) if the regulations specify that value or a method for determining that value—that value; or
 (b) otherwise—the total amount of the *superannuation benefits that would become payable if the individual voluntarily caused the interest to cease at that time.

307‑210  Tax free component of superannuation interest
 (1) The tax free component of a *superannuation interest is so much of the *value of the interest as consists of:
 (a) the *contributions segment of the interest; and
 (b) the *crystallised segment of the interest.

Tax free component reduces if a benefit is paid
 (2) If a *superannuation benefit is paid from the *superannuation interest:
 (a) the *crystallised segment of the interest is reduced (but not below zero) by an amount equal to the *tax free component of the benefit; and
 (b) if any of that amount remains, the *contributions segment of the interest is reduced (but not below zero) by that remaining amount.
Note: This has the effect of reducing the interest's tax free component by the amount of the benefit's tax free component.

307‑215  Taxable component of superannuation interest
  The taxable component of a *superannuation interest is the *value of the interest less the *tax free component of the interest.

307‑220  What is the contributions segment?
 (1) The contributions segment of a *superannuation interest is the total amount of the contributions to the interest:
 (a) that were made after 30 June 2007; and
 (b) to the extent that they have not been and will not be included in the assessable income of the *superannuation provider in relation to the *superannuation plan in which the interest is held.
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).
 (2) For the purposes of this section:
 (a) in determining whether contributions are included in the contributions segment under subsection (1):
 (i) disregard the *taxable component of a *roll‑over superannuation benefit paid into the interest; and
 (ia) disregard the *tax free component of an *involuntary roll‑over superannuation benefit paid into the