Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012 (158 of 2012)
Schedule 1 Merging superannuation funds
Part 2 Further amendments of Division 310
Income Tax Assessment Act 1997
9 At the end of subsection 310-40(1)
; and(c) for all other purposes of this Act, an amount equal to the transferred amount is taken to be:
(i) if the receiving entity is a life insurance company - a tax loss of the complying superannuation/FHSA class incurred by the receiving entity for the transfer year; and
(ii) otherwise - a tax loss incurred by the receiving entity for the transfer year.