Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 280.35

Benefits phase--roll-overs

                   A member can "roll over" their superannuation benefits from one complying superannuation plan to another, or between different interests in the same plan. This is usually done to keep the benefits invested in the superannuation system, or to convert a lump sum to a superannuation income stream. No tax is generally payable until the benefits are finally drawn down.

The regulatory scheme outside this Act



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