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Income Tax Assessment (1997 Act) Regulations 2021
1000‑5.01 Application of amendments1000‑5.01 Application of amendments
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1000‑5.01 Application of amendments
Section 294‑25.03 applies if: (a) you start to be the retirement phase recipient of the new stream on or after the commencement of this section; or (b) both: (i) you started to be the retirement phase recipient of the new stream on or after 1 July 2017 and before the commencement of this section; and (ii) the amount of the transfer balance debit referred to in paragraph 294‑25.03(1)(e) is less than the special value, on the day you start to be the retirement phase recipient of the new stream, of the new stream.