163FAConcession for acquisitions in connection with persons changing superannuation funds

#### 163FA Concession for acquisitions in connection with persons changing superannuation funds 163FA Concession for acquisitions in connection with persons changing superannuation funds > > (1) This section applies to a relevant acquisition that results wholly from a relevant transfer and occurs in connection with a person— > > > > > (a) ceasing to be a member of, or otherwise ceasing to be entitled to benefits in respect of, a superannuation fund that is a complying superannuation fund or was a complying superannuation fund within the period of 12 months before the acquisition was made, and > > > > > (b) becoming a member of, or otherwise becoming entitled to benefits in respect of, another superannuation fund that is also a complying superannuation fund or will, in the opinion of the trustees of both funds concerned, be a complying superannuation fund within 12 months after the acquisition is made. > > > (2) For the purposes of this section, each of the following is a relevant transfer— > > > > > (a) a transfer of property from a trustee of a superannuation fund, or a custodian of the trustee, to the trustee of another superannuation fund, or to a custodian of the trustee of another superannuation fund, > > > > > (b) a transfer of property from a trustee of a superannuation fund to a custodian of the trustee, or from a custodian of the trustee of a superannuation fund to the trustee, > > > > > (c) a transfer of a share or a unit in a unit trust scheme from the trustee of a pooled superannuation trust, made in exchange for a redemption of units in the trust, to the trustee of a superannuation fund, or a custodian of the trustee of a superannuation fund, > > > > > (d) a transfer of a share or a unit in a unit trust scheme from the trustee of a superannuation fund, or a custodian of the trustee of a superannuation fund, made in exchange for the issue of units in a pooled superannuation trust, to a trustee of the pooled superannuation trust, > > > > > (e) a transfer of a share or a unit in a unit trust scheme from a life company or custodian for a life company to the trustee of a superannuation fund or a custodian of the trustee of a superannuation fund if the transfer is made in consideration of the surrender or termination, by the trustee of the superannuation fund of which the person has ceased to be a member, of a policy of life insurance issued by the life company, > > > > > (f) a transfer of a share or a unit in a unit trust scheme from the trustee of a superannuation fund or a custodian of the trustee of a superannuation fund to a life company or custodian for a life company if the transfer is made in consideration of the issue, by the life company, of a policy of life insurance to the trustee of the superannuation fund of which the person has become a member. > > > (3) The duty chargeable under this Chapter on a relevant acquisition to which this section applies is $750. > > > (4) In this section, complying superannuation fund includes a complying approved deposit fund and an eligible rollover fund. > > **s 163FA:** Ins 2011 No 50, Sch 1 \[3\]. Am 2023 No 26, Sch 1\[4\].