Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 1 Excess non-concessional superannuation contributions tax reforms
Income Tax Assessment Act 1997
16 After section 303-15
303-17 Payments from release authorities etc. - released non-concessional contributions and associated earnings
A *superannuation benefit is not assessable income and is not *exempt income if it is paid to you in response to a release authority issued under section 96-12 in Schedule 1 to the Taxation Administration Act 1953.
Note: A related amount may still be included in your assessable income (see Subdivision 292-B).