Income Tax Assessment Act 1997
View history note
Hide history noteA *roll-over superannuation benefit is an involuntary roll-over superannuation benefit if it is:
(a) a payment transferring a *superannuation interest of:
(i) a member of a *superannuation fund; or
(ii) a depositor with an *approved deposit fund; or
to a *successor fund (other than a *self managed superannuation fund) without the consent of the member, depositor or holder; or
(iii) a holder of an *RSA;
(b) a payment transferring an *accrued default amount of a member (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) of a *complying superannuation fund to another complying superannuation fund:
(i) as a result of an election under paragraph 29SAA(1)(b) of that Act; or
if:
(ii) under section 388 of that Act;
(iii) that member becomes a member (within the meaning of that Act) of the other fund immediately after the transfer; and
(iv) the transfer happens during the period beginning on 1 July 2015 and ending on 1 July 2017; or
(c) a payment of consideration for the issue to a person of a beneficial interest in an eligible rollover fund (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) in accordance with an application on behalf of that person under section 243 of that Act.
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