Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 11   Dictionary

Income Tax Assessment Act 1997

7   Subsection 995-1(1)

Insert:

account-based annuity has the meaning given by the Superannuation Industry (Supervision) Regulations 1994.

accumulation phase value of a *superannuation interest has the meaning given by subsection 307-205(2).

assessed excess transfer balance tax means *excess transfer balance tax, as assessed under Schedule 1 to the Taxation Administration Act 1953.

capped defined benefit income stream has the meaning given by section 294-130.

child recipient of a *superannuation income stream has the meaning given by section 294-175.

Commonwealth public sector superannuation scheme has the same meaning as in the Superannuation (Unclaimed Money and Lost Members) Act 1999.