Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
A superannuation lump sum is a *superannuation benefit that is not a *superannuation income stream benefit (see section 307-70 ).
Treat a lump sum payment arising from a partial commutation of a *superannuation income stream as a superannuation lump sum for the purposes of this Act (other than Subdivision 295-F ).
Division 307
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Key concepts relating to superannuation benefits
Subdivision 307-B
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Superannuation lump sums and superannuation income stream benefits
SECTION 307-65
Meaning of
superannuation lump sum
307-65(1)
A superannuation lump sum is a *superannuation benefit that is not a *superannuation income stream benefit (see section 307-70 ).
307-65(2)
Treat a lump sum payment arising from a partial commutation of a *superannuation income stream as a superannuation lump sum for the purposes of this Act (other than Subdivision 295-F ).
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