Income Tax (Transitional Provisions) Act 1997



Division 307 - Key concepts relating to superannuation benefits  

SECTION 307-230   Total superannuation balance - modification for transfer balance just before 1 July 2017  

This section applies for the purposes of working out the amount of your total superannuation balance just before 1 July 2017.

The transfer balance mentioned in paragraph 307-230(1)(b) of the Income Tax Assessment Act 1997 just before 1 July 2017 is taken to be equal to:

(a) the sum of the transfer balance credits (if any) in your transfer balance account just after the start of 1 July 2017; less

(b) the sum of the transfer balance debits (if any) arising in your transfer balance account on 1 July 2017 under item 4 of the table in subsection 294-80(1) of that Act (about payment splits).


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