CW 29Reinvested amounts from foreign superannuation schemes in Australia

1. 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,—

2. in the income year, the person invests the amount in another foreign superannuation scheme; and
3. each foreign superannuation scheme is constituted in Australia and is—
   1. an Australian approved deposit fund:
   2. an Australian exempt public sector superannuation scheme:
   3. an Australian regulated superannuation fund:
   4. an Australian retirement savings account.

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• 2004 No 35 s CW 23B