Income Tax Assessment Act 1997



Division 294 - Transfer balance cap  

Subdivision 294-F - Excess transfer balance tax  

Operative provisions

SECTION 294-230   Excess transfer balance tax  

If there is an *excess transfer balance period for your *transfer balance account, you are liable to pay *excess transfer balance tax imposed by the Superannuation (Excess Transfer Balance Tax) Imposition Act 2016 for the period.


The amount of the tax is set out in the Superannuation (Excess Transfer Balance Tax) Imposition Act 2016 .

An excess transfer balance period for a *transfer balance account is a continuous period of one or more days during which, at the end of each day, there is *excess transfer balance in the account.

Your *excess transfer balance tax is worked out by reference to the sum of:

(a) your *excess transfer balance earnings for each day in the *excess transfer balance period; and

(b) for each day in the excess transfer balance period that is also a day in the period mentioned in subsection 294-25(2) (the determination period ) - the amount worked out by multiplying the rate mentioned in subsection 294-235(2) for the day by the sum of your excess transfer balance earnings for each previous day in the determination period.


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