Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 7 - TRANSITIONAL MATTERS  

PART 1000-5 - TRANSITIONAL MATTERS RELATING TO THE INCOME TAX ASSESSMENT AMENDMENT (SUPERANNUATION) REGULATIONS 2024  

SECTION 1000-5.01  

1000-5.01   APPLICATION OF AMENDMENTS  

Section 294-25.03 applies if:

(a)    you start to be the retirement phase recipient of the new stream on or after the commencement of this section; or

(b)    both:

(i) you started to be the retirement phase recipient of the new stream on or after 1 July 2017 and before the commencement of this section; and

(ii) the amount of the transfer balance debit referred to in paragraph 294-25.03(1)(e) is less than the special value, on the day you start to be the retirement phase recipient of the new stream, of the new stream.