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 under 60 years but have reached your *preservation age when you receive a *superannuation benefit, the *tax free component of the benefit is not assessable income and is not *exempt income.
Division 301
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Superannuation member benefits paid from complying plans etc.
Subdivision 301-B
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Member benefits: general rules
Member benefits
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recipient aged over preservation age and under 60
SECTION 301-15
301-15
Tax free status of tax free component
If you are under 60 years but have reached your *preservation age when you receive a *superannuation benefit, the *tax free component of the benefit is not assessable income and is not *exempt income.
Note 1:
Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections 307-65 and 307-70 .
Note 2:
For tax free component , see Subdivision 307-C .
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