Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 294 - Transfer balance cap  

Subdivision 294-D - Modifications for certain defined benefit income streams  

Guide to Subdivision 294-D

SECTION 294-120   What this Subdivision is about  


Certain defined benefit lifetime pensions that are subject to commutation restrictions cannot result in excess transfer balance (instead, Subdivision 303-A applies to the superannuation income stream benefits).

Certain commutation-restricted income streams started before 1 July 2017 are covered by the same modification.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
294-125 When this Subdivision applies
294-130 Meaning of capped defined benefit income stream
294-135 Transfer balance credit - special rule for capped defined benefit income streams
294-140 Excess transfer balance - special rule for capped defined benefit income streams
294-145 Transfer balance debits - special rules for capped defined benefit income streams


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.