Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019 (F2019L01641)

Schedule 5   Superannuation

Part 3   Successor fund transfers

Income Tax Assessment Regulations 1997

4   After subregulation 294-130.01(3)

Insert:

(3A) This subregulation applies to a superannuation income stream if:

(a) it is covered by item 2 of the table in subsection 294-130(1) of the Act; and

(b) it starts to be in the retirement phase on or after 1 July 2017; and

(c) it arises as a direct result of the payment of an involuntary roll-over superannuation benefit to a successor fund.

(3B) This subregulation applies to a superannuation income stream if:

(a) it is covered by any of items 3 to 7 of the table in subsection 294-130(1) of the Act; and

(b) it starts to be in the retirement phase on or after 1 July 2017; and

(c) it arises as a direct result of the payment of an involuntary roll-over superannuation benefit to a successor fund.


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