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 under preservation age

SECTION 301-40   Superannuation income stream - taxable component is assessable income, 15 % offset for disability benefit  

301-40(1)    
If you are under your * preservation age when you receive a * superannuation income stream benefit, the * taxable component of the benefit is assessable income.

Note:

For taxable component , see Subdivision 307-C .

Offset for disability benefit

301-40(2)    
If the benefit is a * superannuation income stream benefit and a * disability superannuation benefit, you are entitled to a * tax offset equal to 15 % of the * taxable component of the benefit.