Section 285Income Tax Assessment Act 1997 (Cth)

‑5  Transfers of property

(1) Any of the following payments covered by this Part can be or include a transfer of property:

(a) a contribution;

(b) a *superannuation lump sum.

(2) The amount of the payment is or includes the *market value of the property.

(3) The *market value is reduced by the value of any consideration given for the transfer of the property.

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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