Treasury Laws Amendment (2017 Measures No. 2) Act 2017 (55 of 2017)

Schedule 1   Amendments relating to superannuation reform package

Part 1   Amendments

Income Tax Assessment Act 1997

3   Subsection 294-25(1) (at the end of the table)

Add:

4

a *transfer balance credit arises under section 294-55 because of a repayment of a limited recourse borrowing arrangement

the amount of the credit specified in section 294-55

at the time provided by section 294-55

5

a *transfer balance credit arises under regulations made for the purposes of this item

the amount of the credit worked out in accordance with the regulations

at the time specified in the regulations


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).