Income Tax Assessment Act 1997
This Subdivision creates a transfer balance account for you, and credits it, if you have a superannuation income stream in the retirement phase.
It also provides for a transfer balance cap and identifies when you have excess transfer balance.
|294-15||When you have a transfer balance account|
|294-20||Meaning of retirement phase recipient|
|294-25||Transfer balance credits|
|294-30||Excess transfer balance|
|294-35||Your transfer balance cap|
|294-40||Proportionally indexed transfer balance cap|
|294-45||Transfer balance account ends|
|294-50||Assumptions about income streams|
|294-55||Repayment of limited recourse borrowing arrangement|