Law Companion Ruling

LCR 2016/9A4 - Addendum

Superannuation reform: transfer balance cap

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Law Companion Ruling LCR 2016/9 to reflect amendments to the law made by the Treasury Laws Amendment (2018 Measures No. 4) Act 2019.

LCR 2016/9 is amended as follows:

1. Paragraph 15

(a) Omit the words '(including a reversionary beneficiary in the case of death of a member)'.

(b) Omit the dot points (excluding footnote 14); substitute:

·
is 65 years old or older
·
has met a relevant condition of release with a nil cashing restriction (retirement, terminal medical condition, permanent incapacity) and they have notified the superannuation provider for the TRIS of that fact, or
·
is in receipt of the TRIS as a reversionary beneficiary.14

2. Paragraph 39B

Omit 'Supervision'; substitute '(Supervision)'.

This Addendum applies on and from 1 April 2019.

Commissioner of Taxation
5 June 2019

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References

ATO references:
NO 1-HTZILT1