Superannuation interests and multiple accounts: commissioner's view

The tax commissioner has released a document outlining his view as to what constitutes a 'superannuation interest' in relation to the different kinds of superannuation funds. He notes that a member of an SMSF always has just one interest in the fund, except for an amount that supports an income stream commenced from an SMSF. However, he says it is a question of fact whether the various amounts, benefits and entitlements that a member has in a non-SMSF constitute one interest or several interests in the fund.