Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 285.5

             (1)  Any of the following payments covered by this Part can be or include a transfer of property:

                     (a)  a contribution;

                     (b)  a * superannuation lump sum.

             (2)  The amount of the payment is or includes the * market value of the property.

             (3)  The * market value is reduced by the value of any consideration given for the transfer of the property.

Table of Subdivisions

             Guide to Division 290

290-A   General rules

290-B    Deduction of employer contributions and other employment-connected contributions

290-C    Deducting personal contributions

290-D   Tax offsets for spouse contributions

Guide to Division 290