Document ID: chunk:federal_register_of_legislation:C2012A00181:clause:1_2:p2
Version: federal_register_of_legislation:C2012A00181
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/2)
Character Range: 6933–8378

disregarded) applies in relation to the amount transferred as if the *KiwiSaver scheme were a *superannuation fund.

Tax free and taxable components of superannuation interest
 (6) Section 307‑220 (Contributions segment) only applies to so much (if any) of the contribution as you or the *KiwiSaver scheme provider inform, in accordance with the regulations mentioned in section 312‑5, the trustee of the *complying superannuation fund is:
 (a) a *New Zealand‑sourced amount; or
 (b) the *tax free component of an *Australian‑sourced amount.
Note: So much of the value of an interest in the fund as consists of the amounts mentioned in paragraphs (6)(a) and (b) is included in the contributions segment and tax free component of the interest. So much of the value of that interest as consists of the rest of the contribution is not included in the contributions segment of the interest and is included in the taxable component of the interest. (The value of the interest may also consist of amounts other than the contribution.)

Subdivision 312‑C—Superannuation benefits paid to KiwiSaver scheme providers

Table of sections
312‑15 Superannuation benefits paid to KiwiSaver schemes

312‑15  Superannuation benefits paid to KiwiSaver schemes
  A *superannuation benefit paid to a *KiwiSaver scheme provider by the trustee of a *complying superannuation fund in respect of you is not assessable income of yours and is not *exempt income of yours.