Taxation Administration Act 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
If your transfer balance account exceeds the transfer balance cap, the excess must be reduced by commuting in full or in part your superannuation income streams that are in the retirement phase.
If you have more than one superannuation income stream, you may choose which one to commute.
|136-10||Excess transfer balance determination|
|136-20||Electing to commute a different superannuation income stream|
|136-25||Notifying Commissioner of transfer balance debits|