Value of superannuation investments determined by Minister to be disregarded
52AA Value of superannuation investments determined by Minister to be disregarded
The value of a person’s investment in a superannuation fund, an approved deposit fund or an ATO small superannuation account is to be disregarded in calculating the value of the person’s assets for the purposes of this Act (other than Division 3 or section 52FA, 52G, 52GA, 52H, 52JA, 52JB, 52JC, 52JD, 52ZA or 52ZCA) if the investment is specified in a determination made under subsection (2).
The Minister may specify:
a specified investment in a superannuation fund, an approved deposit fund or an ATO small superannuation account; or
a specified class of investments in a superannuation fund, an approved deposit fund or an ATO small superannuation account;
in a determination.
A determination must be in writing.
A determination takes effect on the day on which it is made or on such other day (whether earlier or later) as is specified in the determination.
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