Income Tax Assessment Regulations 1997 (Repealed)
View history note
Hide history noteFor the purposes of item 8 of the table in subsection 294-80(1) of the Act, a transfer balance debit arises under this regulation in your transfer balance account if:
(a) you are or were a retirement phase recipient of a deferred superannuation income stream to which subregulation 307-205.02C(1) applies (see subregulation 307-205.02C(3) ) supported by a superannuation interest; and
(b) but for regulation 294-80.03 , a transfer balance debit would arise at a time under item 5 or 6 of the table in subsection 294-80(1) of the Act in your transfer balance account because of the superannuation income stream.
294-80.02(2)
The amount of the debit is the total amount of the superannuation benefits that would be payable if you voluntarily caused the superannuation interest to cease at that time.
294-80.02(3)
The debit arises at that time.
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