INCOME TAX ASSESSMENT ACT 1997 - SECT 294.15 When you have a transfer balance account

INCOME TAX ASSESSMENT ACT 1997 - SECT 294.15

  (1)   You have a transfer balance account if you are, or have at any time been, the * retirement phase recipient of a * superannuation income stream.

  (2)   You start to have the * transfer balance account on the later of:

  (a)   1   July 2017; and

  (b)   the day you first start to be a * retirement phase recipient of a * superannuation income stream.