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-B - Member benefits: general rules  

Member benefits - recipient aged over preservation age and under 60

SECTION 301-25   Superannuation income stream - taxable component attracts 15 % offset  

301-25(1)    
If you are under 60 years but have reached your * preservation age when you receive a * superannuation income stream benefit, the * taxable component of the benefit is assessable income.

301-25(2)    
You are entitled to a * tax offset equal to 15 % of the * taxable component of the benefit.

Note 1:

For taxable component , see Subdivision 307-C .

Note 2:

If your superannuation income stream benefit includes an element untaxed in the fund, see Subdivision 301-C .