Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 301 - Superannuation member benefits paid from complying plans etc.  

Subdivision 301-C - Member benefits: elements untaxed in fund  

Member benefits (element untaxed in fund) - recipient aged 60 or above

SECTION 301-100   Superannuation income stream - element untaxed in fund attracts 10 % offset  

301-100(1)    
If you are 60 years or over when you receive a * superannuation income stream benefit, the * element untaxed in the fund of the benefit is assessable income.

301-100(2)    
You are entitled to a * tax offset equal to 10 % of the * element untaxed in the fund of the benefit.

Note:

If your superannuation income stream benefit is defined benefit income, see Subdivision 303-A .