Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 294.10

What this Subdivision is about

This Subdivision creates a transfer balance account for you, and credits it, if you have a superannuation income stream in the retirement phase.

It also provides for a transfer balance cap and identifies when you have excess transfer balance.

Table of sections

Operative provisions

294 - 15   When you have a transfer balance account

294 - 20   Meaning of retirement phase recipient

294 - 25   Transfer balance credits

294 - 30   Excess transfer balance

294 - 35   Your transfer balance cap

294 - 40   Proportionally indexed transfer balance cap

294 - 45   Transfer balance account ends

294 - 50   Assumptions about income streams

294 - 55   Repayment of limited recourse borrowing arrangement



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