Law Companion Ruling

LCR 2016/9A4 - Addendum

Superannuation reform: transfer balance cap

• Please note that the PDF version is the authorised version of this ruling.
  View the consolidated version for this notice.

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Law Companion Ruling LCR 2016/9 to reflect amendments to the law made by the Treasury Laws Amendment (2018 Measures No. 4) Act 2019.

LCR 2016/9 is amended as follows:

1. Paragraph 15

(a) Omit the words '(including a reversionary beneficiary in the case of death of a member)'.

(b) Omit the dot points (excluding footnote 14); substitute:

•

is 65 years old or older

•

has met a relevant condition of release with a nil cashing restriction (retirement, terminal medical condition, permanent incapacity) and they have notified the superannuation provider for the TRIS of that fact, or

•

is in receipt of the TRIS as a reversionary beneficiary.¹⁴

2. Paragraph 39B

Omit 'Supervision'; substitute '(Supervision)'.

This Addendum applies on and from 1 April 2019.

Commissioner of Taxation
5 June 2019

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

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

References

ATO references:
NO 1-HTZILT1