Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 294
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Transfer balance cap
Subdivision 294-D
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Modifications for certain defined benefit income streams
Guide to Subdivision 294-D
SECTION 294-120 What this Subdivision is about
View history note
Hide history noteSECTION 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.
| 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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