INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 310 - Loss relief for merging superannuation funds  

Subdivision 310-E - Consequences of choosing assets roll-over  

SECTION 310-75   Further consequences for roll-overs involving life insurance companies  

310-75(1)  


Section 320-200 (about consequences of transferring assets to or from a complying superannuation asset pool) does not apply for a transfer event for the roll-over if either the transferring entity or the receiving entity is a *life insurance company.

310-75(2)  
If the receiving entity for the roll-over is a *life insurance company, each received asset of that entity is taken:


(a) to be a *complying superannuation asset of that entity; and


(b) not to be, in whole or in part, a *life insurance premium.


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