Transfer of equitable interest between approved superannuation funds not treated as employee payment, so no tax deduction required. The Board advised that a transfer of an equitable interest between approved superannuation funds on change of service cannot appropriately be treated as payment, direct or indirect, to the employee; accordingly, the obligation to deduct tax on contributions so transferred does not arise.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of equitable interest between approved superannuation funds not treated as employee payment, so no tax deduction required.
The Board advised that a transfer of an equitable interest between approved superannuation funds on change of service cannot appropriately be treated as payment, direct or indirect, to the employee; accordingly, the obligation to deduct tax on contributions so transferred does not arise.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.