INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 285 - General concepts relating to superannuation  

SECTION 285-5   Transfers of property  

285-5(1)  
Any of the following payments covered by this Part can be or include a transfer of property:


(a) a contribution;


(b) a *superannuation lump sum.

285-5(2)  
The amount of the payment is or includes the *market value of the property.

285-5(3)  
The *market value is reduced by the value of any consideration given for the transfer of the property.


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