Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
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.
Division 302
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Superannuation death benefits paid from complying plans etc.
Subdivision 302-B
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Death benefits to dependant
Superannuation income stream
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deceased died aged under 60 and dependant aged under 60
SECTION 302-70
302-70
Superannuation income stream
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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 .
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