Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 294.120

What this Subdivision is about

Certain defined benefit lifetime pensions that are subject to commutation restrictions cannot result in excess transfer balance (instead, Subdivision   303 - A applies to the superannuation income stream benefits).

Certain commutation - restricted income streams started before 1   July 2017 are covered by the same modification.

Table of sections

Operative provisions

294 - 125   When this Subdivision applies

294 - 130   Meaning of capped defined benefit income stream

294 - 135   Transfer balance credit--special rule for capped defined benefit income streams

294 - 140   Excess transfer balance--special rule for capped defined benefit income streams

294 - 145   Transfer balance debits--special rules for capped defined benefit income streams


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