Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
If you are 60 years or over when you receive a *superannuation income stream benefit, the *element untaxed in the fund of the benefit is assessable income. 301-100(2)
You are entitled to a *tax offset equal to 10% of the *element untaxed in the fund of the benefit.
Division 301
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Superannuation member benefits paid from complying plans etc.
Subdivision 301-C
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Member benefits: elements untaxed in fund
Member benefits (element untaxed in fund)
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recipient aged 60 or above
SECTION 301-100
Superannuation income stream
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element untaxed in fund attracts 10% offset
301-100(1)
If you are 60 years or over when you receive a *superannuation income stream benefit, the *element untaxed in the fund of the benefit is assessable income. 301-100(2)
You are entitled to a *tax offset equal to 10% of the *element untaxed in the fund of the benefit.
Note:
If your superannuation income stream benefit is defined benefit income, see Subdivision 303-A .
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