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    Exercise 10

    Is the following statement true or false?

    Jack's interest in a foreign super fund is transferred to an Australian complying fund. Jack chooses to include all of the applicable fund earnings of $50,000 in the assessable income of the Australian fund.

    The $50,000 will be counted towards Jack's non-concessional contributions.

    Answer 10

      Last modified: 22 Nov 2013QC 34181