Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 294 - Transfer balance cap  

Subdivision 294-B - Transfer balance account  

Operative provisions

SECTION 294-15   When you have a transfer balance account  

294-15(1)    
You have a transfer balance account if you are, or have at any time been, the *retirement phase recipient of a *superannuation income stream.

294-15(2)    
You start to have the *transfer balance account on the later of:

(a) 1 July 2017; and

(b) the day you first start to be a *retirement phase recipient of a *superannuation income stream.