Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 294 - Transfer balance cap  

Subdivision 294-B - Transfer balance account  

Guide to Subdivision 294-B

SECTION 294-10   What this Subdivision is about  


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.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
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


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