Income Tax (Transitional Provisions) Act 1997

Pt 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 25, effective 15 March 2007.

Div 295 inserted by No 9 of 2007 , s 3 and Sch 1 item 25, effective 15 March 2007.

Subdiv 295-G inserted by No 15 of 2007 , s 3 and Sch 1 item 266, applicable to the 2007-2008 income year and later years.

S 295-485 repealed by No 81 of 2016, s 3 and Sch 9 item 4, effective 1 January 2017 and applicable in relation to a lump sum that is:

(a) paid because of the death of a person that occurred on or after 1 July 2017; or

(b) paid on or after 1 July 2019.

Note: For paragraph (b), it does not matter when the person, in relation to whom the lump sum is payable, died.

S 295-485 formerly read:

SECTION 295-485 Deductions for increased amount of superannuation lump sum death benefit  
295-485
Paragraph 295-485(1)(b) of the Income Tax Assessment Act 1997 has effect as if the reference in that paragraph to amounts included in assessable income under Subdivision 295-C of that Act included a reference to amounts included in assessable income under former section 274 (taxable contributions) of the Income Tax Assessment Act 1936 .

S 295-485 inserted by No 143 of 2007 , s 3 and Sch 5 item 18, applicable to the 2007-2008 income year and later years.