Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 294
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Transfer balance cap
Subdivision 294-E
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Modifications for death benefits dependants who are children
Guide to Subdivision 294-E
SECTION 294-170 What this Subdivision is about
View history note
Hide history noteSECTION 294-170 What this Subdivision is about
If you are a death benefits dependant, and a child, you are not required to use your retirement transfer balance cap to receive a death benefits income stream.
However, there is a cap on the total amount of your death benefits income streams that receives the earnings tax exemption.
This cap is based on the deceased ' s superannuation interests in the retirement phase, or, if the deceased did not have any superannuation interests in the retirement phase, on the transfer balance cap.
| Operative provisions | |
| 294-175 | When this Subdivision applies |
| 294-180 | Transfer balance account ends |
| 294-185 | Transfer balance cap - special rule for child recipient |
| 294-190 | Cap increment - child recipient just before 1 July 2017 |
| 294-195 | Cap increment - child recipient on or after 1 July 2017, deceased had no transfer balance account |
| 294-200 | Cap increment - child recipient on or after 1 July 2017, deceased had transfer balance account |
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