Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)

Schedule 1   Internal roll-overs

Income Tax Assessment Act 1936

3   Subsection 27A(1) (after paragraph (d) of the definition of eligible termination payment )


(daa) an amount resulting from the commutation in whole or in part of a superannuation pension payable to the taxpayer from a superannuation fund, being an amount:

(i) that remains in the fund after the commutation, for the purpose of providing superannuation benefits to the taxpayer or to dependants of the taxpayer in the event of the death of the taxpayer; or

(ii) that is applied, immediately after the commutation, towards the provision of one or more other superannuation pensions payable to the taxpayer from that fund;