Superannuation Industry (Supervision) Regulations 1994

Subject to subregulation (2), a taxed splittable contribution is:

a contribution that will be included in the assessable income of an entity as:

a taxable contribution for section 274 of the Tax Act; or

a contribution under Subdivision 295‑C of the 1997 Tax Act; or

an allocated surplus contribution amount.

Each of the following is not a taxed splittable contribution:

a roll‑over superannuation benefit within the meaning of Division 306 of the 1997 Tax Act;

an amount allotted under this Division;

a superannuation lump sum that is paid from a foreign superannuation fund.

Subject to subregulation (4), an untaxed splittable contribution:

is a contribution made by a fund member or by another person to a regulated superannuation fund; but

does not include a contribution of that kind that:

is made after 5 April 2007; and

will not be included in the assessable income of an entity as:

a taxable contribution for section 274 of the Tax Act; or

a contribution under Subdivision 295‑C of the 1997 Tax Act.

Each of the following is not an untaxed splittable contribution:

a payment made to a superannuation fund by an employer, or by another person under an agreement to which the employer is a party, for the purpose of providing superannuation benefits for, or for dependants of, an employee of the employer;

a roll‑over superannuation benefit within the meaning of Division 306 of the 1997 Tax Act;

an amount allotted under this Division;

superannuation lump sum that is paid from a foreign superannuation fund.

Subject to subregulation (6), an untaxed splittable employer contribution:

is a contribution made by the Commonwealth, a State or a Territory to a public sector superannuation scheme; but

does not include a contribution of that kind that will be included in the assessable income of an entity as:

a taxable contribution for section 274 of the Tax Act; or

a contribution under Subdivision 295‑C of the 1997 Tax Act.

Each of the following is not an untaxed splittable employer contribution:

a roll‑over superannuation benefit within the meaning of Division 306 of the 1997 Tax Act;

an amount allotted under this Division;

a superannuation lump sum that is paid from a foreign superannuation fund.