Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 310.75

  (1)   Section   320 - 200 (about consequences of transferring assets to or from a complying superannuation asset pool) does not apply for a transfer event for the roll - over if either the transferring entity or the receiving entity is a * life insurance company.

  (2)   If the receiving entity for the roll - over is a * life insurance company, each received asset of that entity is taken:

  (a)   to be a * complying superannuation asset of that entity; and

  (b)   not to be, in whole or in part, a * life insurance premium.

Table of sections

310 - 85   Choices