s 294-100
In forceObject
Chapter 3Specialist liability rules
Part 3-30Superannuation
Division 294Transfer balance cap
Subdivision 294-BCGT relief
294-100 Object
The object of this Subdivision is to provide temporary relief from certain capital gains that might arise as a result of individuals complying with the following legislative changes:
(a)
the introduction of a transfer balance cap (as a result of Schedule 1 to the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016);
(b)
the exclusion of transition to retirement income streams (and similar income streams) from being superannuation income streams in the retirement phase (as a result of Schedule 8 to that Act).
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