Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 307.205

  (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.