Section CW 29 — Income Tax Act 2007: Reinvested amounts from foreign superannuation schemes in Australia

CW 29 Reinvested amounts from foreign superannuation schemes in Australia An amount of income derived in an income year by a natural person as a withdrawal from a foreign superannuation scheme is exempt income if,— (a) in the income year, the person invests the amount in another foreign superannuation scheme; and (b) each foreign superannuation scheme is constituted in Australia and is— (i) an Australian approved deposit fund: (ii) an Australian exempt public sector superannuation scheme: (iii) an Australian regulated superannuation fund: (iv) an Australian retirement savings account. Defined in this Act: amount , Australian approved deposit fund , Australian exempt public sector superannuation scheme , Australian regulated superannuation fund , Australian retirement savings account , exempt income , foreign superannuation scheme , income , income year , Compare: 2004 No 35 s CW 23B