Document ID: chunk:federal_register_of_legislation:C2004C01250:clause:1_15
Version: federal_register_of_legislation:C2004C01250
Segment Type: clause
Provision Reference: sch 1 cl 15
Character Range: 14647–15463

15  At the end of section 140ZP
Add:

 (3) If:
 (a) a payer commences or has commenced to make payments of a superannuation pension to a person (the first person) in respect of an interest that a person has as a member of a superannuation fund; and
 (b) the pension counts or counted towards the first person's RBLs; and
 (c) a payment split then applies to a splittable payment in respect of that interest; and
 (d) as a result, a payment is made to or for the benefit of the non‑member spouse in relation to that interest;
then the capital value of the pension is taken to be reduced by an amount worked out in accordance with a method determined by the Commissioner in writing in relation to the pension.

Note: The heading to section 140ZP is altered by omitting "—roll‑overs".

Income Tax Assessment Act 1997