Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)

Schedule 5   Superannuation amendments

Part 1   Main amendments

Income Tax (Transitional Provisions) Act 1997

25   After section 307-125

Insert:

307-290 Taxed and untaxed elements of death benefit superannuation lump sums

For the purposes of section 307-290 of the Income Tax Assessment Act 1997:

(a) treat a deduction made under former section 279 of the Income Tax Assessment Act 1936 as having been made under section 295-465 of the Income Tax Assessment Act 1997 instead; and

(b) treat a deduction made under former section 279B of the Income Tax Assessment Act 1936 as having been made under section 295-470 of the Income Tax Assessment Act 1997 instead.