Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 302 - Superannuation death benefits paid from complying plans etc.  

Subdivision 302-B - Death benefits to dependant  

Superannuation income stream - deceased died aged under 60 and dependant aged under 60

SECTION 302-70   302-70   Superannuation income stream - tax free status of tax free component  

The *tax free component of a *superannuation income stream benefit that you receive because of the death of a person of whom you are a *death benefits dependant is not assessable income and is not *exempt income if:

(a) you are under 60 when you receive the benefit; and

(b) the deceased died aged under 60.

Note:

For tax free component , see Subdivision 307-C .