• Exercise

    Exercise 10

    Is the following statement true or false?

    Jack's interest in a foreign super fund is transferred to an Australian complying fund. Jack chooses to include all of the applicable fund earnings of $50,000 in the assessable income of the Australian fund.

    The $50,000 will be counted towards Jack's non-concessional contributions.

      Last modified: 06 Sep 2017QC 34181