Income Tax Assessment Act 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-30 - SUPERANNUATION
Division 294 - Transfer balance cap
Subdivision 294-C - Transfer balance debits
Guide to Subdivision 294-C SECTION 294-75 What this Subdivision is about
A debit arises in your transfer balance account when superannuation income streams that were previously credited (because they receive the earnings tax exemption) are reduced (other than by draw-downs or investment losses) or lose the earnings tax exemption.
A debit also arises in your transfer balance account when you make a contribution relating to a structured settlement or personal injury, or where certain events occur that result in you having reduced superannuation.
|294-80||Transfer balance debits|
|294-85||Certain events that result in reduced superannuation|
|294-95||Payment splits - no double debiting|
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