Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)
Schedule 3 Other amendments
Income Tax (Transitional Provisions) Act 1997
51 At the end of Subdivision 320-H
320-246 Exempt life insurance policy - extended meaning of roll-over superannuation benefit
For the purposes of paragraph 320-246(1)(e) of the Income Tax Assessment Act 1997, treat a payment as a roll-over superannuation benefit if:
(a) the payment was made before 1 July 2007; and
(b) it was a rolled-over amount (within the meaning of section 27A of the Income Tax Assessment Act 1936 as in force just before the commencement of Schedule 1 to the Superannuation Legislation Amendment (Simplification) Act 2007).