37Contributions and benefit entitlements subject to taxation

### 37 Contributions and benefit entitlements subject to taxation > The Commission, having regard to the law of the Commonwealth, must – > > > > (a) establish and maintain policies and administrative procedures with respect to the taxation of contributions and PS Fund superannuation benefits under these regulations; and > > > > > (b) determine, from time to time – > > > > > > > > (i) the proportion of a PS Fund superannuation benefit that is to be treated by the Commission as an element untaxed in the fund for the purposes of the *Income Tax Assessment Act 1997* of the Commonwealth; and > > > > > > > > > (ii) the proportion of a PS Fund superannuation benefit that is to be treated by the Commission as an element taxed in the fund for the purposes of that Act; and > > > > > > > > > (iii) the proportion of a PS Fund superannuation benefit that is to be treated by the Commission as a tax free component for the purposes of that Act; and > > > > > (c) deduct from contributions and PS Fund superannuation benefits all amounts required to be paid as taxation under the law of the Commonwealth and remit those amounts to the Taxation Commissioner.