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