Commonwealth Consolidated Regulations

INCOME TAX ASSESSMENT REGULATIONS 1997 - REG 307.205.02B

                A superannuation interest in a public sector superannuation scheme is to be valued:

                (a)    by using the practice for valuing a superannuation interest (other than an interest that supports a superannuation income stream mentioned in subparagraph 307-205.02 (1) (a) (i)) that was used by the scheme immediately before
28 June 2007; or

               (b)    if there was not a practice for valuing an interest at
that time -- by using the method in subregulation 307-205.02 (2).