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
Lump sum death benefits to dependants are tax free
SECTION 302-60
302-60
All of superannuation lump sum is tax free
A *superannuation lump sum 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.
View history note
Hide history noteA *superannuation lump sum 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.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.