Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 294 - Transfer balance cap  

Subdivision 294-E - Modifications for death benefits dependants who are children  

Operative provisions

SECTION 294-180   Transfer balance account ends  

294-180(1)    
Despite sections 294-15 and 294-45 , your *transfer balance account ceases at a time if:

(a) just before that time, you were a *child recipient of one or more *superannuation income streams; and

(b) just after that time, you are no longer a child recipient of any superannuation income stream; and

(c) no *transfer balance credits arose in the transfer balance account in respect of a superannuation income stream of which you were a *retirement phase recipient, but not a child recipient.

294-180(2)    
If you again start to have a *transfer balance account at a later time, this Division applies in relation to that later transfer balance account as if it were the only transfer balance account you have had.