Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Income Tax Assessment Act 1997

205   At the end of section 290-5

Add:

; (c) an amount transferred to a *complying superannuation fund or an *RSA from a scheme for the payment of benefits in the nature of superannuation upon retirement or death that:

(i) is not, and never has been, an *Australian superannuation fund or a *foreign superannuation fund; and

(ii) was not established in Australia; and

(iii) is not centrally managed or controlled in Australia.