INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-C - Components of a superannuation benefit  

SECTION 307-120   Components of superannuation benefit  

307-120(1)  
Work out the following components of a *superannuation benefit under this Subdivision:

(a) the tax free component ;

(b) the taxable component .

307-120(2)  
Work out those components under:

(a) if the benefit is not mentioned in paragraph (b), (c), (d) or (e) - section 307-125 ; or

(b) if the benefit is a *superannuation guarantee payment - section 307-130 ; or

(c) if the benefit is a *superannuation co-contribution benefit payment - section 307-135 ; or

(d) if the benefit is a *contributions-splitting superannuation benefit - section 307-140 ; or

(e) if the benefit is a payment under subsection 17(2) , (2AB) or (2AC) , 20H(2) , (2AA) , (2A) or (3) , 20QF(2) , (5) or (6) or 24G(2) , (3A) or (3B) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 - section 307-142 .

307-120(3)  
Those components may be modified under sections 307-145 (which deals with certain disability benefits) and 307-150 (which deals with certain *elements untaxed in fund).