Commonwealth Numbered Regulations

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INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 293.115.05

Preliminary

             (1)  This Subdivision is made for the purposes of subsection 293-115(1) of the Act.

             (2)  In this Subdivision:

"accruing member " , of a superannuation fund for a financial year, means a defined benefit member of the fund who is not a non-accruing member of the fund for the financial year.

"non-accruing member " , of a superannuation fund for a financial year, means:

                     (a)  a defined benefit member who is a non-accruing member of the fund for the financial year within the meaning of subsections 291-170.04(5) to (8); or

                     (b)  a member of the Governor-General Pension Scheme for the financial year, unless (for a member who is the Governor-General) the member commenced office in the financial year.



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