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INCOME TAX ASSESSMENT ACT 1997 - SECT 306.10

Roll-over superannuation benefit

                   A * superannuation benefit is a roll-over superannuation benefit if:

                     (a)  the benefit is a * superannuation lump sum and a * superannuation benefit; and

                     (b)  the benefit is not a superannuation benefit of a kind specified in the regulations; and

                     (c)  the benefit satisfies any of the following conditions:

                              (i)  it is paid from a * complying superannuation plan;

                             (ii)  it is an * unclaimed money payment;

                            (iii)  it arises from the commutation of a * superannuation annuity; and

                     (d)  the benefit satisfies any of the following conditions:

                              (i)  it is paid to a complying superannuation plan;

                             (ii)  it is paid to an entity to purchase a superannuation annuity from the entity.

Note 1:       A superannuation benefit may be paid from one superannuation plan of a superannuation provider to another superannuation plan of the same provider.

Note 2:       For the treatment of amounts transferred within a superannuation plan, see subsection 307-5(8).



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