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CW 28C: Foreign superannuation withdrawal exceeding given amount
or “Tax rules for large withdrawals from foreign superannuation schemes”
You could also call this:

“Tax-free transfer between certain Australian super schemes in the same year”

If you take money out of an Australian superannuation scheme and put it into another Australian superannuation scheme in the same year, you don’t have to pay tax on that money. This only applies to certain types of Australian superannuation schemes. These schemes are:

  1. Australian approved deposit funds
  2. Australian exempt public sector superannuation schemes
  3. Australian regulated superannuation funds
  4. Australian retirement savings accounts

For this rule to apply, both the scheme you take the money from and the scheme you put the money into must be one of these types of Australian superannuation schemes.

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Next up: CW 29B: Amounts from Australian complying superannuation schemes reinvested in KiwiSaver schemes

or “ Moving Australian retirement savings to KiwiSaver without tax ”
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Part C Income
Exempt income

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
    1. each foreign superannuation scheme is constituted in Australia and is—
      1. an Australian approved deposit fund:
        1. an Australian exempt public sector superannuation scheme:
          1. an Australian regulated superannuation fund:
            1. an Australian retirement savings account.

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